GNC Holdings operates as a specialty retailer of health and wellness products, such as vitamins, minerals and herbal supplements, sports nutrition products, and diet products. The company was founded in 1935 and is based in Pittsburgh, Pennsylvania.
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DELAWARE • GNC Holdings, the parent company of nutrition supplement chain GNC, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.. Read more at straitstimes.com.
NEW YORK, June 25, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for EKSO, AAPL, GNC, MSFT, and APVO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link….
(Bloomberg) -- Here we go again. A day after filing for bankruptcy protection, shares of GNC Holdings Inc. had their biggest gain in weeks.GNC jumped as much as 71% in New York on Thursday. That’s the biggest gain since June 8, with the beleaguered stock briefly trading for over $1 a share -- the highest in more than a week. It’s happening even though the company’s turnaround plan warns shareholders they’ll be wiped out.The move will likely remind investors of the bizarre trading this month in Hertz Global Holdings Inc. Its stock rose almost tenfold after the car renter filed for court protection, even though there’s little or no hope that shareholders will get anything when the case wraps up.Like Hertz, GNC is a popular stock among retail investors who use commission-free brokerages. O...
(Bloomberg Opinion) -- It’s hard to think of a less sympathetic group during the coronavirus pandemic than hedge funds and other firms that buydistressed assets and companies. They’re colloquially referred to as “predators” or “vultures” for a reason, after all. These investors step in when theoutlook appears bleakest —and they have all the power —to lock in potentially huge returns in exchange for a cash infusion.Still, one recurring themeof the current economic crisis is how the quick rebound in many financial markets has confounded distressed investors and left them looking flat-footed. I wrote in late March that thefirms scrambling to launchcredit funds might be too late by the time they finished raising money. Indeed, by mid-April, the average yield spread on junk-rated corp...
Yahoo | June 25, 2020
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GNC Holdings, Inc. Identification No.) * On June 30, 2020, the Company's common stock was suspended from trading on the New York Stock Exchange (the “NYSE”) because of the Debtors' filing of the Chapter 11 Cases.
As GNC expands its footprint, it is redesigning the role of its stores to deliver a technology-based, customer-centric shopping experience. The vitamins and supplements retailer said it opened 75 new stores in 2022, and several dozen in 2023 year-to-date, with 88 new commitments and another 15 anticipated by year-end.
In the current month, GNC has received 12 Buy Ratings, 6 Hold Ratings, and 2 Sell Ratings. GNC average Analyst price target in the past 3 months is AU$9.49.
Driven by the opening of 75 new stores in 2022, several dozen in 2023 year-to-date, 88 new commitments, and another 15 agreements anticipated by year-end, GNC is building momentum for the future.
According to GNC Holdings's latest financial reports the company's current revenue (TTM) is $1.78 B. In 2019 the company made a revenue of $2.06 B a decrease over the years 2018 revenue that were of $2.35 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020. In 2021, GNC revealed that Josh Burris will take over as CEO and Cam Lawrence as CFO. In 2021, GNC announced a partnership with Walmart for a selection of GNC specific products.
A federal bankruptcy judge approved the sale of GNC Holdings Inc. to China's largest drugmaker, Harbin Pharmaceutical, for $770 million. The deal is made up of $550 million in cash, including $4.5 million that will be used to pay unsecured creditors, as well as notes and assumed liabilities.
In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group. The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020.
Oregon Files Lawsuit Against GNC for Selling Nutritional Supplements with Ingredients Not Approved in U.S. Attorney General Ellen Rosenblum today filed a lawsuit against General Nutrition Corporation, GNC, for selling nutritional and dietary supplements containing the illegal ingredients picamilon and BMPEA.
Since attaining its peak in February 2013, the stock has lost more than 90% of its value as of August 2017. Vitamin Shoppe was acquired by Franchise Group on December 16, 2019.
Harbin Pharmaceutical Group Co., Ltd. The company owns both Renmintongtai (人民同泰), a drugstore chain and medical wholesaler for the domestic market, and GNC, a U.S.-based international retailer of supplements and wellness products.
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