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Common Bond, the parent company of London fitness chains Barrecore, Boom Cycle, KOBOX, Reformcore, and Triyoga, has suddenly closed all its studios, with hundreds of staff saying they have been left without pay.<\/p>\n
Here\u2019s everything we know:<\/p>\n
When did the studios close?<\/p>\n
The company, which charges \u00a32,400 for 12 months of unlimited classes, informed customers via email on Wednesday that it would be shutting down its locations “until further notice”.<\/p>\n
The email said: “We’re sorry to let you know that all Common Bond studios are closed until further notice.<\/p>\n
“We sincerely apologise for the inconvenience and disruption this may cause . We understand this is frustrating, and we appreciate your patience while we work through this.”<\/p>\n
How many locations were there?<\/p>\n
Common Bond chains were spread across multiple locations in London, including:<\/p>\n
Common Bond\u2019s yoga chain, Triyoga, boasted celebrity clients including model Kate Moss and actor Jude Law.<\/p>\n
The sudden closure of the studios has enraged staff, who claim they have not received their final month of pay which was due on September 17.<\/p>\n
In an email seen by the Standard, Common Bond informed Triyoga staff on September 10 that their final payment was to be delayed by \u201cthree to four days\u201d while the company underwent an audit by it\u2019s investors.<\/p>\n
The email said: \u201cAs you are aware, Common Bond is currently undergoing an audit by a third party on behalf of our main investors. Unfortunately, as a result of this process, there is likely to be a short delay to your class payments this month.<\/p>\n
\u201cOn behalf of the Common Bond team, I am truly sorry for the delay and any worry or inconvenience it may cause. Thank you for your patience, understanding and, above all, for everything you continue to do for our members and our business.\u201d<\/p>\n
Staff have said they have been unable to contact anyone at Common Bond since the closure to enquire about their outstanding pay.<\/p>\n
An instructor at Triyoga told the Standard that suspicions about the stability of the company were first raised in August.<\/p>\n
Later that month, Triyoga missed a payment to its staff, also allegedly due to an investor audit, only agreeing to send it when staff threatened industrial action.<\/p>\n
While it\u2019s not yet clear how many customers have been impacted by the studio closures, over one hundred Triyoga staff have appealed to the Independent Worker\u2019s Union of Great Britain (IWGB) to help them get their final payments.<\/p>\n
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AFP\/Getty<\/p>\n
What are the staff saying?<\/p>\n
Unions and instructors alike have expressed their outrage at the closures, with one instructor calling it \u201cappalling.\u201d<\/p>\n
Chair of IWGB Yoga Teachers Union, Davy Jones, told the Standard: \u201cTriyoga built its reputation on the excellence of its teachers. Now it has left those same teachers in the lurch.<\/p>\n
\u201cThe studio\u2019s sudden closure without paying workers shows how little priority has been given to the people who keep these businesses running. <\/p>\n
\u201cMany instructors rely on their income from Triyoga to pay their rent and feed their families, and do not know how they will make ends meet this month without it.\u201d<\/p>\n
Jones went on to say that the union will continue to support workers to \u201cfight to recover every penny they are owed.\u201d<\/p>\n
Jonathan, who was an instructor at Triyoga, called the studio\u2019s behaviour \u201cdisgusting\u201d adding that it showed no \u201cregard for morals.\u201d<\/p>\n
He said: \u201cCommon Bond\u2019s treatment of its employees and members has been appalling. <\/p>\n
\u201cThe communication about what is happening at Shoreditch (where I teach) was so vague. We are currently over a week past the payment due date and there is still no communication about what the updated pay date will be, or whether we will be paid at all.<\/p>\n
\u201cCommon Bond has taken one of the institutions of the London yoga scene and disgraced their name. They have screwed over hundreds of staff and students with disgusting regard for morals.<\/p>\n
\u201cIt\u2019s disgusting behaviour.\u201d<\/p>\n
Common Bond\u2019s Companies House profile shows the company\u2019s director, Ben Allen, stepped down last month, leaving Gaspar Lipszyc, a Spain-based Belgian national and principal at investment firm Nectar Capital LLP, as the sole director.<\/p>\n
Common Bond has been contacted for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Common Bond, the parent company of London fitness chains Barrecore, Boom Cycle, KOBOX, Reformcore, and Triyoga, has suddenly…\n","protected":false},"author":2,"featured_media":781823,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,6647,59,2222,56,54,55,15036],"class_list":["post-781822","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-fitness","tag-gb","tag-money","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-yoga"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/781822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=781822"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/781822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/781823"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=781822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=781822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=781822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}