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GNC Files For Bankruptcy
14 Views • Jun 24, 2020
Description
It will close between 800 and 1,200 stores as part of the restructuring process.
GNC blamed the COVID-19 pandemic for creating "a situation where we were unable to accomplish our refinancing."
GNC has secured $130 million in financing to aid it in the restructuring.
It has nearly $1 billion.
GNC's stores will remain operating as usual in the meantime.
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