Ken Martindale
GNC Avoids Bankruptcy
As reported by TribLive, GNC Holdings, Inc. reached a last-minute deal with creditors that allows it to avoid bankruptcy for at least 30 days but no more than 90 days under a deal announced on May 15, the Pennsylvania-based health and wellness company said. GNC was facing a May 16 deadline to pay down debt […]
GNC Announces Furlough, Hiring Freezes
Pennsylvania-based GNC Holdings, Inc. announced that as a result of the COVID-19 pandemic, it had to initiative several cost-saving measures, including furloughs and a hiring freeze. Specifically, the company noted that there will be: • A reduction in operating expenses including a hiring freeze, eliminating corporate merit increases and other cost-saving initiatives • A decrease […]
GNC Announces Plans to Expand into Australia
Pennsylvania-based General Nutrition Corporation (GNC) announced plans to establish and develop a presence in the Australian market. Under a master franchise agreement, GNC will partner with Rapid Nutrition (Australia) to market, sell and distribute GNC products through retail outlet expansion, e-commerce and other potential distribution channels throughout Australia. In addition, Rapid Nutrition will be able […]
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