GNC files for bankruptcy, announces store closings

Struggling vitamin and nutrition retailer GNC announced a chapter 11 bankruptcy filing, with plans to close nearly 1200 of its 5800 retail locations. The company cited covid-19–related store closings as a main driver of the filing.

GNC did secure $130 million in financing to endure the pandemic and successfully emerge from the bankruptcy process.

Leave a Reply

Your email address will not be published. Required fields are marked *