**Title: Common Bond Shuts Down Barrecore, Boom Cycle, and Kobox Studios in London**
In a surprising move, Common Bond, the parent company of popular fitness brands Barrecore, Boom Cycle, and Kobox, has announced the immediate closure of all its studios in London. Customers received an email notification stating that the locations would be closed "until further notice," leaving many instructors and patrons in a state of uncertainty.
Common Bond, which also operates the Reformcore and Triyoga brands, is known for its high-end exercise offerings, charging £2,400 for a 12-month membership that includes unlimited classes. The company had previously boasted about its growth, having operated ten sites as of August last year. However, the abrupt closure has raised concerns about the company's financial stability.
The email sent to customers expressed regret over the inconvenience caused by the sudden shutdown. It stated, "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." Despite the apology, the lack of prior communication regarding the closures has left many feeling blindsided.
Instructors at Common Bond studios reported that they were informed last week that their pay would be delayed. One instructor noted that she continued to teach classes without any assurance of when or if they would be compensated. She stated, "I have heard absolutely nothing since," highlighting the lack of communication from the company during this tumultuous period.
The sudden closure has left both instructors and customers grappling with uncertainty. It is currently unclear how many employees and clients have been affected by the decision, as the company has not provided specific details regarding the number of instructors or memberships in play.
Common Bond was incorporated in June 2022, and as of now, it has not published any financial accounts. Recent filings with Companies House indicate that Ben Allen, a director of the company, departed from his role last month. Gaspar Lipszyc, a Belgian national residing in Spain, is currently listed as the sole director.
Barrecore, one of the company's flagship brands, specializes in barre fitness, a low-impact exercise that combines elements of pilates, ballet, and yoga. The fitness discipline has gained popularity in recent years, with endorsements from public figures such as Pippa Middleton contributing to its rise.
As the situation continues to unfold, many are left wondering about the future of Common Bond and its associated brands. The BBC has reached out to the company for further comment but has yet to receive a response. The closure of these studios marks a significant shift in the London fitness landscape, raising questions about the sustainability of high-end fitness offerings in the current economic climate.