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| former_name = GNC Holdings, Inc. |
| former_name = GNC Holdings, Inc. |
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| type = [[Subsidiary]] |
| type = [[Subsidiary]] |
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| industry = [[Retail]] |
| industry = [[Healthcare]] [[Franchising]] |
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| products = {{ubl|[[Dietary supplement]]s|[[Bodybuilding supplement]]s|[[Protein supplement]]s|[[Multivitamin]]s }} |
| products = {{ubl|[[Dietary supplement]]s|[[Bodybuilding supplement]]s|[[Protein supplement]]s|[[Multivitamin]]s }} |
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| foundation = {{Start date and age|1935}} |
| foundation = {{Start date and age|1935}} |
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In June 2020, GNC filed for [[Bankruptcy|Chapter 11 bankruptcy protection]] and indicated plans to close at least 800 stores.<ref>{{cite news |url=https://www.bizjournals.com/pittsburgh/news/2020/06/24/gnc-files-for-chapter-11-bankruptcy-protection.html|title=GNC Holdings Inc. files for Chapter 11 bankruptcy protection - Pittsburgh Business Times|date=June 24, 2020}}</ref> Effective on June 30, 2020, the stock was delisted from the [[New York Stock Exchange]] and shifted to the [[OTC Markets Group]].<ref>{{cite news |url= https://www.post-gazette.com/business/healthcare-business/2020/06/30/NYSE-delisting-GNC-shares-bankruptcy/stories/202006300075 |title=NYSE to begin process of delisting GNC shares |first=Steve |last=Twedt |newspaper=Pittsburgh Post-Gazette|date=June 30, 2020}}</ref> In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group.<ref>{{cite news |last=Doherty |first=Katherine |date=September 17, 2020 |title=GNC Wins Bankruptcy Court Approval for Sale to Chinese Sponsor |url=https://www.bloomberg.com/news/articles/2020-09-17/gnc-wins-bankruptcy-court-approval-for-sale-to-chinese-sponsor |url-status=live |work=[[Bloomberg News]] |archive-url=https://web.archive.org/web/20201007122448/https://www.bloomberg.com/news/articles/2020-09-17/gnc-wins-bankruptcy-court-approval-for-sale-to-chinese-sponsor |archive-date=October 7, 2020 |access-date=October 7, 2020}}</ref><ref>{{Cite web |title=GNC Taps 5WPR For Consumer Business |url=https://www.provokemedia.com/latest/article/gnc-taps-5wpr-for-consumer-business |access-date=April 8, 2021 |website=www.provokemedia.com |date=March 16, 2021 |language=en}}</ref><ref>{{Cite web |date=August 10, 2020 |title=GNC, China's Harbin Pharmaceutical agree on sale price before auction |url=https://www.newhope.com/news/gnc-chinas-harbin-pharmaceutical-agree-sale-price-auction |access-date=April 8, 2021 |website=New Hope Network |language=en}}</ref> In 2020, [[Harbin Pharmaceutical Group]], a Chinese [[State-owned enterprise|state-owned]] pharmaceutical manufacturer, acquired the remainder of the company.<ref name=":1" /><ref name=":2" /><ref name=":3" /> |
In June 2020, GNC filed for [[Bankruptcy|Chapter 11 bankruptcy protection]] and indicated plans to close at least 800 stores.<ref>{{cite news |url=https://www.bizjournals.com/pittsburgh/news/2020/06/24/gnc-files-for-chapter-11-bankruptcy-protection.html|title=GNC Holdings Inc. files for Chapter 11 bankruptcy protection - Pittsburgh Business Times|date=June 24, 2020}}</ref> Effective on June 30, 2020, the stock was delisted from the [[New York Stock Exchange]] and shifted to the [[OTC Markets Group]].<ref>{{cite news |url= https://www.post-gazette.com/business/healthcare-business/2020/06/30/NYSE-delisting-GNC-shares-bankruptcy/stories/202006300075 |title=NYSE to begin process of delisting GNC shares |first=Steve |last=Twedt |newspaper=Pittsburgh Post-Gazette|date=June 30, 2020}}</ref> In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group.<ref>{{cite news |last=Doherty |first=Katherine |date=September 17, 2020 |title=GNC Wins Bankruptcy Court Approval for Sale to Chinese Sponsor |url=https://www.bloomberg.com/news/articles/2020-09-17/gnc-wins-bankruptcy-court-approval-for-sale-to-chinese-sponsor |url-status=live |work=[[Bloomberg News]] |archive-url=https://web.archive.org/web/20201007122448/https://www.bloomberg.com/news/articles/2020-09-17/gnc-wins-bankruptcy-court-approval-for-sale-to-chinese-sponsor |archive-date=October 7, 2020 |access-date=October 7, 2020}}</ref><ref>{{Cite web |title=GNC Taps 5WPR For Consumer Business |url=https://www.provokemedia.com/latest/article/gnc-taps-5wpr-for-consumer-business |access-date=April 8, 2021 |website=www.provokemedia.com |date=March 16, 2021 |language=en}}</ref><ref>{{Cite web |date=August 10, 2020 |title=GNC, China's Harbin Pharmaceutical agree on sale price before auction |url=https://www.newhope.com/news/gnc-chinas-harbin-pharmaceutical-agree-sale-price-auction |access-date=April 8, 2021 |website=New Hope Network |language=en}}</ref> In 2020, [[Harbin Pharmaceutical Group]], a Chinese [[State-owned enterprise|state-owned]] pharmaceutical manufacturer, acquired the remainder of the company.<ref name=":1" /><ref name=":2" /><ref name=":3" /> |
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The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020.<ref>{{Cite web|title=Court approves GNC bankruptcy plan|url=https://www.bizjournals.com/pittsburgh/news/2020/10/20/gnc-bankruptcy-plan-approved.html|access-date=November 2, 2021|website=www.bizjournals.com}}</ref> In 2021, GNC revealed that Josh Burris will take over as CEO, Nate Frazier as COO and Cam Lawrence as CFO.<ref>{{Cite web|last=Wilson|first=Marianne|date=February 11, 2021|title=GNC names new CEO|url=https://chainstoreage.com/gnc-names-new-ceo|access-date=July 14, 2021|website=Chain Store Age|language=en}}</ref> |
The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020.<ref>{{Cite web|title=Court approves GNC bankruptcy plan|url=https://www.bizjournals.com/pittsburgh/news/2020/10/20/gnc-bankruptcy-plan-approved.html|access-date=November 2, 2021|website=www.bizjournals.com}}</ref> In 2021, GNC revealed that Josh Burris will take over as CEO and Cam Lawrence as CFO.<ref>{{Cite web|last=Wilson|first=Marianne|date=February 11, 2021|title=GNC names new CEO|url=https://chainstoreage.com/gnc-names-new-ceo|access-date=July 14, 2021|website=Chain Store Age|language=en}}</ref> |
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In 2021, GNC announced a partnership with [[Walmart]] for a selection of GNC specific products.<ref>{{Cite web |title=GNC, Walmart in 'exclusive' tie-up in stores and online |url=https://www.retaildive.com/news/gnc-walmart-in-exclusive-tie-up-in-stores-and-online/601372/ |access-date=July 20, 2022 |website=Retail Dive |language=en-US}}</ref> In May 2025, U.S. representative [[Pat Harrigan]] introduced legislation that would prohibit GNC's presence on U.S. military bases.<ref>{{Cite news |date=2025-04-03 |title=Chinese-Owned GNC Draws Fire Over US Military Base Presence |url=https://news.bgov.com/bloomberg-government-news/chinese-owned-gnc-draws-fire-over-us-military-base-presence |archive-url=http://web.archive.org/web/20250405134401/https://news.bgov.com/bloomberg-government-news/chinese-owned-gnc-draws-fire-over-us-military-base-presence |archive-date=2025-04-05 |access-date=2025-05-29 |work=[[Bloomberg Government]] |language=en}}</ref><ref>{{Cite web |last=Phillips |first=Morgan |date=2025-04-04 |title=Chinese-owned GNC stores operating on US military bases spark national security concerns |url=https://www.foxnews.com/politics/gnc-chinese-ownership-military-bases-harrigan-bill |access-date=2025-05-29 |website=[[Fox News]] |language=en-US}}</ref> |
In 2021, GNC announced a partnership with [[Walmart]] for a selection of GNC specific products.<ref>{{Cite web |title=GNC, Walmart in 'exclusive' tie-up in stores and online |url=https://www.retaildive.com/news/gnc-walmart-in-exclusive-tie-up-in-stores-and-online/601372/ |access-date=July 20, 2022 |website=Retail Dive |language=en-US}}</ref> In May 2025, U.S. representative [[Pat Harrigan]] introduced legislation that would prohibit GNC's presence on U.S. military bases.<ref>{{Cite news |date=2025-04-03 |title=Chinese-Owned GNC Draws Fire Over US Military Base Presence |url=https://news.bgov.com/bloomberg-government-news/chinese-owned-gnc-draws-fire-over-us-military-base-presence |archive-url=http://web.archive.org/web/20250405134401/https://news.bgov.com/bloomberg-government-news/chinese-owned-gnc-draws-fire-over-us-military-base-presence |archive-date=2025-04-05 |access-date=2025-05-29 |work=[[Bloomberg Government]] |language=en}}</ref><ref>{{Cite web |last=Phillips |first=Morgan |date=2025-04-04 |title=Chinese-owned GNC stores operating on US military bases spark national security concerns |url=https://www.foxnews.com/politics/gnc-chinese-ownership-military-bases-harrigan-bill |access-date=2025-05-29 |website=[[Fox News]] |language=en-US}}</ref> |
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