# California Fitness & Yoga restructuring and financial crisis > Developing situation record from CLSTR: https://clstr.news/situations/california-fitness-yoga-restructuring-in-vietnam > Updated: 2026-11-05T09:53:00.000Z. Sources: 12. Developments: 7. California Fitness & Yoga continues its restructuring process in Vietnam, which the company maintains is intended to stabilize the system rather than signal bankruptcy. However, the company is facing escalating operational and financial difficulties. Operational changes include the implementation of a 20,000 VND fee for specific GroupX and Yoga classes nationwide, effective October 12, 2026, applicable to all membership tiers. The company’s physical footprint has contracted significantly. While the company previously operated approximately 35 clubs, as of November 3, 2024, most locations have suspended operations for operational adjustments, leaving only the Binh Duong Square club active. Specific closures include Landmark 81, Cali Tower, and Gigamall in Ho Chi Minh City, as well as Hang Da and 88 Lang Ha in Hanoi. Although the company scheduled the reopening of Lapen Center Vung Tau and Pegasus Plaza Bien Hoa for November 5, 2024, other facilities remain closed despite previous deadlines. Some clients have reported significant financial exposure, including one member in Hanoi who spent approximately 220 to 230 million VND on a seven-year membership and over 120 personal training sessions, with several years and dozens of sessions still remaining. Customers are currently seeking clarity on how the company will handle contract extensions, transfers, or refunds. New reports indicate severe financial distress. Personal trainers have stated they have not received salaries or commissions for three to four months. Furthermore, data from the Ho Chi Minh City Social Insurance agency reveals the company failed to pay social, health, and unemployment insurance for 416 employees, totaling more than 9 billion VND in overdue payments through September 2026. In response to widespread complaints regarding service cuts and suspended locations, the National Competition Commission, under Vietnam's Ministry of Industry and Trade, has issued guidance to members regarding contract disputes. ## Timeline ### 2026-11-05: Vietnam Ministry of Industry and Trade advises California Fitness members on legal rights Vietnam's National Competition Commission has advised California Fitness & Yoga members that they may choose to sue in court to resolve contract disputes and seek refunds following facility closures. 2 sources. https://clstr.news/cluster/vietnam-ministry-of-industry-and-trade-advises-california-fitness-members-on-legal-rights ### 2026-11-03: California Fitness & Yoga closes most locations across Vietnam California Fitness & Yoga has suspended most of its clubs across Vietnam, leaving only one location active while two others prepare to reopen in early November. 2 sources. https://clstr.news/cluster/california-fitness-yoga-closes-most-locations-across-vietnam ### 2026-10-30: California Fitness & Yoga members face uncertainty as branches close California Fitness & Yoga members face uncertainty over long-term contracts and prepaid training sessions following the sudden closure of multiple gym branches during a restructuring process. 4 sources. https://clstr.news/cluster/california-fitness-yoga-members-face-uncertainty-as-branches-close ### 2026-10-28: California Fitness & Yoga faces closures and unpaid wages California Fitness & Yoga has suspended at least five locations and is facing allegations of unpaid wages and social insurance arrears for hundreds of employees. 6 sources. https://clstr.news/cluster/california-fitness-yoga-faces-closures-and-unpaid-wages ### 2026-10-24: California Fitness & Yoga suspends multiple locations amid restructuring California Fitness & Yoga is suspending multiple gym locations across Vietnam as Chairman Dane Fort implements a 30-day restructuring plan to address operational issues. 5 sources. https://clstr.news/cluster/california-fitness-yoga-suspends-multiple-locations-amid-restructuring ### 2026-10-10: California Fitness implements restructuring and new class fees California Fitness & Yoga is restructuring its operations in Vietnam, introducing fees for select fitness classes and managing several facility closures and operational adjustments across its network. 3 sources. https://clstr.news/cluster/california-fitness-implements-restructuring-and-new-class-fees ### 2026-10-03: California Fitness & Yoga denies bankruptcy rumors amid service suspensions California Fitness & Yoga has denied rumors of bankruptcy and system closure, while simultaneously suspending several premium services for one month due to operational adjustments. 2 sources. https://clstr.news/cluster/california-fitness-yoga-denies-bankruptcy-rumors-amid-service-suspensions --- Cite as: California Fitness & Yoga restructuring and financial crisis. CLSTR, https://clstr.news/situations/california-fitness-yoga-restructuring-in-vietnam