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GNC enters bankruptcy while negotiating with Harbin as buyer

By Hank Schultz

Struggling retail giant GNC has filed for Chapter 11 bankruptcy according to a news report. GNC is reportedly entering into the process with Chinese firm Harbin Pharmaceutical waiting in the wings as a potential buyer.

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GNC succeeds in getting critical debt payment pushed back to August

By Hank Schultz

Supplement retailing giant GNC seems to have prevailed in its high stakes negotiations with its lenders. Bloomberg Law reported yesterday that the company won a postponement until August of a major payment that could have caused the company to sink into...

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GNC turns up volume on bankruptcy alarm

By Hank Schultz

Struggling supplement retailer GNC has reiterated a forthright statement that filing for bankruptcy court protection might be only days away.

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