The fitness world in London was taken by surprise recently when Common Bond, the operator of premium fitness studios such as Barrecore, Boom Cycle, and Kobox, announced the sudden closure of all its outlets. The announcement came abruptly via email, leaving both clients and instructors in uncertainty about the future of their memberships and employment.
Unexpected Closure
Common Bond, which markets itself as a wellness collective offering high-end exercise classes, informed clients that their services were put on hold “until further notice.” This sudden announcement has left many in the fitness community puzzled, especially when considering the cost of memberships at these exclusive studios, which could reach as high as £2,400 for a year of unlimited access.
The company’s abrupt decision has also affected its team of instructors. According to reports, many of them learned about the shutdown through the same email sent to clients. One instructor revealed that prior to the closure notification, they had been warned of delayed payments for their services, creating further unrest.
Impact on Customers and Staff
The number of customers and staff affected by this closure is still unclear. However, the absence of any prior warning has sparked concerns within the fitness community about financial repercussions and job security. It seems that the current management didn’t provide clarifications regarding the future operations either to instructors or the public.
The closure affects several well-known brands under the Common Bond umbrella, including Reformcore and Triyoga. These brands were part of a network of ten locations across London, where fitness enthusiasts attended classes that integrate exercises like pilates, ballet, and yoga.
Uncertain Future
Current details from Companies House reveal that Common Bond, which came into existence in June of last year, has seen recent changes in its directorial positions. With Ben Allen stepping down last month and Gaspar Lipszyc now at the helm, the future of these studios remains uncertain. The company has not made any further comments following the announcement.
Barrecore, noted for its barre classes that draw on elements of popular exercises, had seen rising popularity thanks to endorsements by public figures like Pippa Middleton. As of now, the brand’s future seems uncertain, with the main public-facing website also disconnected.
This abrupt pause in operations leaves fitness aficionados and staff members awaiting clear directions from management on the next steps and potential resolutions.
Photo by Lawrence Chismorie on Unsplash
