Tag: Bankruptcy

GNC Closing up to 1,200 Stores after Filing for Bankruptcy

CNN reported that GNC, an 85-year-old vitamin- and dietary supplement manufacturer, has filed for bankruptcy and closed up to 25% of its stores. The retailer is in dire need of a buyer as it has almost $1 billion in debt. GNC has seen declining sales at brick-and-mortar stores since the outbreak of coronavirus. CNN reported that GNC has been […]