The Énergie Cardio network of training rooms announced on Wednesday that it had placed itself under the Bankruptcy and Insolvency Law and will close two of its centers, in Montreal and Boucherville, “for budgetary and liquidity management reasons”.
The Quebec company indicated that it placed itself under the Bankruptcy and Insolvency Law on January 30 by filing a notice of intention to make a proposal, a measure which should allow it to restructure its activities.
In the process, two of its training centers closed their doors, namely that of Place Versailles, in eastern Montreal, and that of Boucherville, which was operated under the banner “For her”. These no longer appear on the Énergie Cardio website.
The 19 other Énergie Cardio centers, 14 of which are franchised, remain open. However, layoffs will take place in the five corporate centers and at the franchisor.
In a press release, the president of Énergie Cardio, Claire Tremblay, and the vice-president of the company, Eveline Canape, recalled that the pandemic “upset” the training room sector, which had to cease their activities when imposing health measures.
“In the last hours, for budgetary and liquidity management reasons, we unfortunately had no other choice than to make layoffs within our corporate training centers and at the franchisor level,” they said. they explained in the written statement.
Énergie Cardio has ensured that free training and group classes are maintained in centers affected by staff reductions, while franchised centers are not affected.
The company invited customers of the two centers which closed their doors “permanently” to consult the Consumer Protection Office to obtain compensation for the unused or prepaid portion of their subscription.
Claire Tremblay and Eveline Canape acquired Énergie Cardio in 2016.