YogaWorks offered yoga classes, teacher training, and merchandise. At the company's peak, it had 66 yoga studios and over 3 million student visits
Expertise
From the newsroom
Force 10 Partners successfully restructured YogaWorks, a nationwide chain of yoga studios hit hard by the COVID-19 pandemic. At its peak, with 66 locations and over three million class participants, YogaWorks shifted its focus to online classes after many studios closed. As financial advisor, Force 10 secured DIP financing to stabilize operations, led a Section 363 sale process to maximize asset value, and guided Plan confirmation.
Force 10 Partners was pivotal in successfully restructuring YogaWorks, a leading nationwide chain of yoga studios significantly impacted by the COVID-19 pandemic. At its peak, YogaWorks operated 66 locations and served over three million class participants. However, the pandemic forced the closure of many studios, prompting the company to pivot its focus to online classes and leveraging its well-established brand.
As financial advisor, Force 10 secured debtor-in-possession (DIP) financing, providing the necessary liquidity to stabilize operations during the Chapter 11 process. This financing ensured the continuation of online classes, preserving the company’s connection to its loyal customer base and minimizing disruptions for staff.
Force 10 also led the execution of a Section 363 sale process, identifying buyers and maximizing the value of YogaWorks’ assets, including its iconic brand, lease portfolio, and intellectual property. Additionally, Force 10 delivered critical guidance on Plan confirmation, developing a strategy that not only addressed creditor claims but also positioned the company for future success.
By focusing on innovative solutions and value maximization, Force 10 ensured a seamless restructuring process that preserved YogaWorks’ legacy as a cornerstone in the fitness and wellness community while charting a path forward in a challenging market environment.
