Tag Archives: money

Vitamin seller GNC Holdings files for bankruptcy

GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …

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‘The finances are already done. Everyone bought everyone else with low-cost debt, “says Jeff Ubben, co-founder of ValueAct:” Elizabeth Warren was right. “

ValueAct Capital co-founder 58, Jeff Ubben, told the Financial Times that he is resigning from the investment fund he co-founded about two decades ago in San Francisco. “ ‘The finances are already done. Everyone has bought from everyone else with low-cost debt. Everyone has maximized their margin. They have bought …

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