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GNC Falls Into Ch. 11 Due To COVID-19 With $1B-Plus Debt

By Jeff Montgomery and Vince Sullivan ( June 24, 2020, 9:39 AM EDT) -- Weakened by the COVID-19 pandemic, global health and nutrition product retailer GNC Holdings Inc. sought Chapter 11 protection in Delaware with more than $1 billion in debt, seeking to restructure or sell the company through a possible auction led by an affiliate of China's state-controlled Harbin Pharmaceuticals....

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