Notes From All Over -- The "GNC Files" Edition -- June 24, 2020
Mall-ware: GNC files for bankruptcy. Plans to close 1,200 stores. $1 billion in debt. I could be wrong, but it seems GNC is a mall-based store. This is a proxy for malls. GNC is the tip of the iceberg.
I’ll double check, but I recall a hedge fund being involved with GNC since 2008 also, which never helps in a liquidity crisis.
ReplyDeleteApollo....
ReplyDeleteThank you. I vaguely remember that -- or maybe I just think I do.
DeleteSorry for the delay getting back to you. I was out driving with our older granddaughter in anticipation of her driver's license test.