Hong Kong Gym Chain Pure Resolves Unpaid Rent Lawsuit.

Hong Kong gym chain Pure Fitness has resolved a dispute with its landlord over alleged missed rent payments. The gym, frequented by the city's financial elite, had been sued by Champion REIT for HK$12.7 million ($1.6 million) in missed payments. Pure Fitness, founded in 2002, operates 42 facilities globally and faces competition from smaller, specialized studios. Champion REIT is one of many landlords Low office vacancies and sluggish demand for retail space in Hong Kong. [Extracted from the article]