California Fitness downfall: Prepayments bite back

When reading that thousands of customers at a Hong Kong gym chain are clamouring for refunds after several of the gym's branches closed, treasurers might simply ignore the news.

By Ann Shi

Jul 11, 2016

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It should be no surprise that in a fiercely competitive market where rental expenses are extremely high – such as Hong Kong – a franchise business could shut its doors at any time.

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