Friday, Sept. 18, 2020 6:23 p.m. GNC Holdings Inc., the Pittsburgh-based international health and wellness chain, has been for sold for $770 million to a Chinese pharmaceutical firm in a deal approved Thursday in bankruptcy court in Delaware. ...

Who bought GNC out?

In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group.

What happen to GNC?

On June 23rd, 2020 GNC filed Chapter 11 bankruptcy to garner protection for the company against creditors it owed money to. ... After announcing its bankruptcy, GNC closed around 1,200 stores. GNC had over 5,200 retail locations in the U.S. alone.