GNC sale to stall as suitors eschew US operations
By Bloomberg | China Daily | Updated: 2016-12-02 06:56
GNC Holdings Inc's talks on a potential sale have stalled following disagreements over the structure of a deal for the US vitamin and supplement brand, sources said.
The Pittsburgh-based retailer had held discussions with several Chinese suitors about a sale of the entire company, the sources said, asking not to be identified as the information is private.
The Chinese firms expressed interest only in buying GNC's Asian business and did not want to take over its network of more than 6,700 retail outlets in the United States, according to the sources.
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