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Latest GNC News From Around the Web
Below are the latest news stories about Gnc Holdings Inc that investors may wish to consider to help them evaluate GNC as an investment opportunity.
GNC files for bankruptcy in US, may close up to 1,200 storesDELAWARE • 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. |
Thinking about buying stock in Ekso Bionics, Apple Inc, GNC Holdings, Microsoft Corp, or Aptevo Therapeutics?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…. |
Chuck E. Cheese and GNC bankruptcies highlight America's economic 'washout' from COVID-19The pain continues for Corporate America thanks to the COVID-19 pandemic. |
GNC Jumps After Bankruptcy Filing, Defying Warning of a Wipeout(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... |
Big Short on Malls Is the Only Distressed Game in Town(Bloomberg Opinion) -- It’s hard to think of a less sympathetic group during the coronavirus pandemic than hedge funds and other firms that buy distressed assets and companies. They’re colloquially referred to as “predators” or “vultures” for a reason, after all. These investors step in when the outlook appears bleakest — and they have all the power — to lock in potentially huge returns in exchange for a cash infusion.Still, one recurring theme of 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 the firms scrambling to launch credit funds might be too late by the time they finished raising money. Indeed, by mid-April, the average yield spread on junk-rated corp... |
GNC: Avoid This Bankrupt Dumpster FireGNC (GNC) has long been the most recognizable and ubiquitous nutrition and supplement retailer in the U.S. and spread internationally. However, long-term retail and cultural trends, financial mis-steps, and finally the COVID-19 led to cash-flow and insolvency concerns. Short-term loan payments (springing notes) were pushed off a few times with... |
GNC Holdings files for Chapter 11GNC Holdings (GNC) files for Chapter 11 bankruptcy, with a commitment from certain term lenders to provide $100M in "new money" debtor-in-possession financing and $30M from modifications to the existing ABL credit agreement.Also, GNC reaches an agreement in principle with most of its supporting secured lenders and an affiliate to... |
Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itselfGNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself. GNC had been trying to reduce its nearly $900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus |
Vitamin seller GNC Holdings files for bankruptcyGNC Holdings Inc. filed for chapter 11 bankruptcy protection Tuesday with plans to sell itself and close up to a sixth of its 7,300 stores world-wide. |
GNC files for bankruptcy, will close up to 1,200 storesVitamin and nutrition chain GNC Holdings filed for Chapter 11 bankruptcy this week, with plans to close up to 1,200 of its 5,200 U.S. stores as it searches for a buyer. GNC - General Nutrition Centers - has struggled for years to shore up sales as it tried to pay back more than $900 million in debt. Then came the coronavirus pandemic, which forced it to shutter about 40 percent of its stores, leading to millions in lost revenue. The company reported a $200 million loss during the first quarter of this year and last month warned that some of the company's temporary closures could soon turn permanent. The company's bankruptcy filing comes days after it paid nearly $4 million in cash bonuses to top executives, including CEO Kenneth Martindale, who received $2.2 million. Four other executiv... |