GNC may be headed to bankruptcy
May 12, 2020
Battered by the coronavirus-shutdowns of its stores that pushed net losses to $200 million in the first three months of the year, Pittsburgh-based GNC Holdings Inc. may file for bankruptcy protection if it can not convince lenders to delay payments due May 16 on $50 million in debt, company officials said
The health and wellness products retailer will consider “all options” as it negotiates with its lenders this week and can’t predict if the talks will result in extending the deadline for payments, Ken Martindale, chief executive officer told analysts… READ MORE @ TRIBLIVE
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