SINGAPORE — The founder of Affinity Yoga, whose studios have remained shut after abruptly suspending classes two weeks ago, has revealed that the company is in very serious financial trouble and there is a chance the studios will not reopen.

Although Ms Jeanne Chung had initially said the Telok Ayer and River Valley studios would reopen last Monday, she posted on her Facebook page on Saturday that she now cannot make any definite statements about reopening.

She also added that she has been meeting many investors in search of someone to take over the business in the past few days.

Last week, the Consumers Association of Singapore (CASE) said it had received 13 complaints against Affinity Yoga since the closure of its studios, while the police also confirmed that the company’s customers have lodged reports against it.

Responding to her post, affected customers expressed disappointment with the company and said they hope it would honour their memberships.

Said actress Debra Teng, who paid more than S$1,000 for a membership: “I got a bit concerned when it did not reopen last week. If it is able to get back on its feet and manage the place well, I will go back. If not, I’d say, ‘Give me my money back’.”

Another customer, Ms Celina Low, 46, said: “I just want to have a conclusion to this ... I really wish Jeanne well and am hopeful that if she finds an investor, she will honour our memberships.”

Attempts to reach Ms Chung yesterday were unsuccessful.

But in her post, she said the financial woes resulted from mismanagement that happened while she was away for the past year or so handling family matters.

“The police already called me and I went in to make my statement ... The studios are in very serious financial trouble; more than you could even imagine,” she wrote.

“I am doing the best I can to sort this mess out. I hope that results in the studios being open and you having a place to practise. But there is a chance that it won’t.”