GNC
GNC offers fitness and wellness related products, but even with the rise in customers trying to get fit, the company’s overall sales dropped by 3.4% in 2017. With debt in the trillions and a decline in its top-line revenues and earnings, GNC turned its focus elsewhere. With a big presence in China and an e-commerce platform with decent figures, they agreed to sell 40% of their stock to a Chinese pharmaceutical firm. This organization will produce, market, sell and distribute CNG goods in China.
GNC
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