Bailiffs and 100 unpaid teachers: inside the collapse of ‘groundbreaking’ yoga studio Triyoga
Formerly a favourite of the A-list, the chain has abruptly ceased trading, leaving teachers and customers blindsided
TL;DR
- Triyoga, along with sister brands Barrecore, Boom Cycle, Kobox, and Reformcore, owned by Common Bond, has suspended trading.
- Approximately 100 yoga teachers are estimated to be owed wages, with losses around £1,500 per instructor.
- Teachers reported feeling blindsided by the sudden closure, with some facing difficulties paying essential bills.
- The brands are owned by Common Bond, which is undergoing an insolvency process, and the fitness brands are reportedly for sale.
- Cost-cutting measures, such as using AI-generated music and cheaper products, were implemented before the collapse.
- Questions have been raised about 'phoenixing', where a company is closed to avoid debts, and a new one is established.
- The Yoga Teachers' Union is working to secure better rights for yoga teachers, comparing their situation to gig economy workers.
- Students who paid for memberships have also been impacted, with some studios offering to honor unused credits.