Derrimut 24:7 gym chain collapses into administration after rescue deal falters
The fitness empire behind melbourne’s prominent gym chain Derrimut 24:7 has entered voluntary administration following the collapse of a proposed rescue agreement with billionaire investor Adrian Portelli. Founder Nick Solomos informed staff via internal memo that the move was a “proactive step” to restructure the business, protect employment and preserve the chain’s future — despite…