That’s definitely not a safe assumption. Covid devastated a majority of smaller companies, especially in the fitness sector. The acquisition did not happen over night, and most fitness centers were not even thinking about expanding, nor do most have the space to expand to an outside area. If Aire was rapidly expanding their business pre Covid and got caught overspending with no income when Covid hit, it’s a safer assumption that their business was going to fail and TPTW was a lifeline.
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