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The popular F45 gym chain is witnessing a wave of closures across the nation as The Opulent Group, a significant franchisee of the fitness brand, recently shuttered at least five of its gyms in both northern and southern suburbs of Sydney. This development signals additional closures in various locations within the state.
The Australian fitness empire, once boasting a valuation of over $2 billion, has encountered challenging times as it grapples with these closures. This downturn follows a notable investment of $450 million into the business by Hollywood actor Mark Wahlberg, alongside Australian co-founder Adam Gilchrist, merely two years ago.
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