Pittsburgh-based GNC Holdings said late Tuesday it had filed for Chapter 11 protection, with plans to sell itself for at least $760 million. The nutritional supplements retailer will close up to 1,200 of its 5,800 stores as part of the reorganization. “GNC expects the Chapter 11 process will benefit its stakeholders and best position the company for long-term success,” according to a release.


GNC Files for Chapter 11, Plans Sale of Company

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