CORPORATE-OWNED
Gold's Gym
Includes Golds Gym
gym chain · Dallas, TX
- Acquirer
- RSG Group (German)
- Acquirer
- RSG Group
- Year Acquired
- 2020
From Arnold's temple of iron to a bankrupt chain sold to Germans for pennies on the dollar.
The Bigger Fish
- Filed Chapter 11 in May 2020 and permanently closed 30 company-owned gyms
- German fitness company RSG Group bought it out of bankruptcy for just $100 million — a fraction of former valuation
- In October 2025, its longtime Southern California franchisees sold all 23 of their Gold's Gyms to rival EoS Fitness, ending decades-old community gyms under the Gold's name
- Continued closures in Texas through 2025, including franchisee Chapter 7 bankruptcies
Since the Acquisition
- 30 company-owned locations permanently closed in 2020
- When the last El Paso gyms shut in April 2025, members said they got no warning and couldn't get their money back
- Only the original Venice Beach 'Mecca of Bodybuilding' location survived the SoCal sell-off
- Over 1,000 employees transferred to EoS Fitness, with members forced to transition to a completely different gym brand
Sources
- Gold's Gym closes last locations in El Paso — KVIA(2025-04-30)
- Iconic gym chain shuts down 23 locations — TheStreet(2025-11-01)
- EoS Fitness Acquires Gold's Gym Clubs in Southern California — Athletech News(2025-10-29)
- RSG Group to Acquire Gold's Gym — PR Newswire(2020-07-14)
- Gold's Gym Announces Permanent Closure of 30 Corporate-Owned Locations — Club Solutions Magazine(2020-04-16)
- Gold's Gym sells 23 locations to EOS Fitness — Fitness Volt(2024-01-01)