Equinox Group Draws SPAC Interest After $350M 2020 Loss: Report

Equinox

Equinox Group is fielding interest from blank-check firms that would take the company public after it lost around $350 million last year amid the pandemic, Bloomberg reports, citing sources with knowledge of the matter.

Despite the loss, the luxury gym chain has started to solicit interest from suitors including SPACs that value Equinox, including its SoulCycle entity and other brands, at $7 billion or more. Read more.

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