Business & Tech
SoulCycle To Close Del Mar Location, 18 Others: Report
SoulCycle is expected to close 19 locations, including five in California, after the company "oversaturated" some markets, execs said.
BEVERLY HILLS, CA — SoulCycle is expected to close its Del Mar location alongside 18 others in the U.S. and Canada, Insider reported Tuesday.
The closures are a result of shifts caused by the pandemic and SoulCycle being oversaturated in some areas, according to SoulCycle Executives. SoulCycle CEO Evelyn Webster announced the decision in an all staff meeting, according to Insider.
The company will relocate some staffers and lay off many others.
Find out what's happening in Del Mar-Carmel Valleyfor free with the latest updates from Patch.
Del Mar is one of five California locations to shut its doors, including: Soma, San Jose, Newport Beach and Beverly Hills. Other closures are in New York, Washington, D.C., Illinois, Massachusetts, Florida, Georgia, Washington State and Canada
Read the full story from Insider.
Find out what's happening in Del Mar-Carmel Valleyfor free with the latest updates from Patch.
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