GNC Weighs Possible Sale of Company

GNC began a “strategic evolution” process in 2014. (Photo courtesy of Hitech Building Co.)

PITTSBURGH—Vitamin retail chain GNC Holdings Inc. said Monday that its board had begun exploring options including a possible sale of the company.  The announcement came just a few days after CEO Mike Archbold cited “challenges” and “headwinds” following a disappointing first quarter.

“We believe it is an appropriate time to undertake a comprehensive review of the company’s strategic and financial alternatives,” says Michael F. Hines, GNC’s chairman. “We are in the early stages of a broad review and will take the time we need to thoroughly evaluate our opportunities to achieve the best result for our shareholders, business partners, and associates. While the review is ongoing, GNC will continue to act with the necessary urgency to deliver improved financial performance by addressing our near-term challenges and continuing to execute our strategic initiatives.”