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?

GNC is getting a reboot after its Chapter 11 last year and acquisition by its largest investor, Harbin Pharmaceutical Group. Harbin bought a major stake in GNC in 2018, helping to ease the company's debt load, leftover in part from multiple private equity acquisitions during the 2000s.

When did GNC go out of business?

GNC (General Nutrition Stores) filed for bankruptcy on June 23, 2020. Some might attribute GNC's downfall to store closings related to COVID-19 since GNC is a retailer. But GNC initially kept its stores open, claiming to be an essential service because it sells food and health products.