Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Vitamin retailer GNC plots dual track pre-pack in US and Canada

By Cristina Brooks

30 June 2020

Vitamin retailer GNC plots dual track pre-pack in US and Canada iStock.com/Valentina_G

Global nutrition supplement retailer GNC has entered Chapter 11 in Delaware and CCAA recognition proceedings in Ontario, where it will pursue a “dual path process” foreseeing either a planned sale of its business or, failing that, a standalone restructuring transaction with lenders.