Finance GNC may be headed to bankruptcy Staff Editor May 12, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in 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 @ TRIBLIVEBattered 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... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: GNC
