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![]() The struggling, 85-year-old vitamin and supplement retailer said it has reached an agreement with the majority of its secured lenders and key shareholders to pursue a dual-path restructuring process that will allow the company to emerge as a standalone business or for it be sold as a going concern. The plan allows GNC to restructure its balance sheet and accelerate its store optimization strategy. Last July, GNC, which is saddled with nearly $1 billion of debt, announced plans to shutter approximately 900 stores. As of March 2020, GNC had 7,300 locations globally, including 5,200 in the U.S... ...more RSK: I will bet a few in our area will close. When I have been in one of them a few times I have always been the only one there and the help has no idea about their products to consult you. The Healthy Place is 1000 times better. Ken Notes: I agree they lost their vision... | ||
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Our Sponsors - - Volume: 8 - WEEK: 27 Date: 6/30/2020 7:26:14 AM - |