LBO-Backed Bust: Omni Fitness

Fitness Holdings International, a Long Beach, Calif.-based fitness equipment retailer, has filed for Chapter 11 bankruptcy. It plans to hire a liquidator for its 111 stores, which operate under such brands as Omni Fitness, Busy Body Home Fitness and LA Gym Equipment. Hancock Park Associates had acquired the company out of bankruptcy in 2001. www.busbody.com