Skip to main content
Industry News
Chinese pharmaceutical company to acquire GNC
9/15/2020

GNC Holdings has canceled a bankruptcy auction after no new suitors emerged and will instead proceed with a sale to China-based Harbin Pharmaceutical Group, which already owns a stake of around 40% in the vitamin retailer. Sen. Marco Rubio, R.-Fla., has raised concerns about the deal, saying it could give the Chinese government access to health data on US consumers.

Full Story: