Get All Access for $5/mo

GNC Sale Update <b></b>

Pittsburgh--Last month, the Miami Herald reported that GNC's parent company may put the nutrition supplement retailer up for sale (see "GNC in Trouble, May Go on Sale"). The New York Post is now saying that Royal Numico NV, GNC's parent and a Dutch baby food and nutrition company, has decided to unload the struggling chain it bought just four years ago. The company has been considering selling GNC for the past few months and recently instructed investment bank Goldman Sachs to run a formal auction for the sale.

The company is hoping to fetch as much as $900 million to $1 billion for the sale, though some say GNC will likely sell for less. Potential buyers range from past owner Thomas H. Lee Partners to an investment team led by JW Childs and former GNC management. -New York Post

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

By Amanda Breen
Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

By Emily Rella
Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

By Alex Goryachev
Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

By Emily Rella
Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.

By Sherin Shibu
Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

By Sherin Shibu