PITTSBURGH — GNC Holdings announced late Tuesday that it will file for Chapter 11 protection in the U.S. Bankruptcy Court— just seven days before it faced paying a debt of $900 million or more. GNC plans to reorganize, but the company and its lenders also have agreed to sell the business via a court-supervised auction.
CAMP HILL, Pa. — Ken Martindale, who was an integral part of the turnaround team at Rite Aid Corp., has left the company to head GNC Holdings Inc. Martindale, who was president of Rite Aid and chief executive officer of stores, has become CEO of GNC, which has almost 2,400 stores within a store at
CAMP HILL, Pa. — Rite Aid Corp. president and CEO of stores Ken Martindale is leaving the company to become chief executive officer of GNC Holdings Inc. Rite Aid said Wednesday that with Martindale’s departure, Bryan Everett, currently executive vice president in charge of store operations, has been named chief operating officer of Rite Aid
PITTSBURGH — Michael Archbold has stepped down as chief executive officer of GNC Holdings Inc. and resigned from the company’s board of directors. GNC said Thursday that it has appointed director Robert Moran as interim CEO. Moran served as chairman and CEO of PetSmart Inc. before joining the GNC board in July 2013. The vitamins
PITTSBURGH — GNC Holdings Inc. has reached an agreement with the New York attorney general that restores the full assortment of its Herbal Plus products to all stores in the state. Some of GNC’s Herbal Plus products were part of an investigation of herbal supplements by New York Attorney General Eric Schneiderman, who in early