GNC Has Filed For Bankruptcy

Susan Darwin
June 24, 2020 - 11:52 am

    GNC has filed for bankruptcy.  The company says in a statement it's been under financial pressure for years and  added  the economic downturn from the coronavirus pandemic just made things worse.

    The company plans to close  800 to 12-hundred stores permanently as part of its restructuring plan.

    GNC is looking for a buyer, saying the minimum purchase price is 760-million dollars.

    For now, all stores remain open for business.