True Fitness, True Yoga to close in Singapore; parent company cites competition, rising costs

True Fitness and True Yoga are closing their operations in Singapore. The decision was announced by their parent company, which cited intense market competition and rising operational costs as the primary reasons for the closures.

Despite receiving financial cash funding from the parent company, the Singapore-based branches continued to underperform financially, leading to the ultimate decision to shut down the fitness and yoga centers.