GNC Holdings Inc. has received approval for a bankruptcy reorganization plan centered around a $770 million sale to Harbin Pharmaceutical Group Holding Co., its largest shareholder, according to Bloomberg Law. The sale raised security concerns when the plan was put into motion in September. The plan will keep open at...
Pittsburgh, PA—GNC Holdings, Inc., has filed for Chapter 11 bankruptcy, with a commitment from certain term lenders to provide $100 million in “new money” debtor-in-possession financing and $30 million from modifications to the existing ABL credit agreement, according to Seeking Alpha. All franchise partners, as well as corporate entities outside...
Washington, D.C.—The Natural Products Association (NPA), which had filed for bankruptcy protection in August 2019, announced on February 19 that it will exit chapter 11 bankruptcy effective immediately. NPA explained in a press relaase that a judge granted its filing to dismiss the case after just over six months of...
San Diego, CA—Bumble Bee Foods filed for bankruptcy on Thursday, according to CNN, blaming its “recent and significant legal challenges.” FCF Co., a Taiwanese fish supply chain company, plans to put in a $925 million bid for the assets. The deal is expected to be completed within 90 days. The...
Washington, D.C.—The Natural Products Association (NPA) filed for bankruptcy protection on Monday, according to Reuters, citing six straight years of losses and a costly arbitration with former chief financial officer Brent Weickert, who holds the largest unsecured claim of a disputed $780,000 arbitration award. According to Reuters, CEO Daniel Fabricant,...
Secaucus, N.J. - For the third year in a row, The Vitamin Shoppe has received the 2018 StellaService Elite Overall Award – a top honor reserved for the best-of-the-best performers across multiple service channels. StellaService's Elite Awards recognize retailers annually for best-in-class customer service across phone, email, chat, shipping and...
