Morris Nichols Bankruptcy Alert - GNC Holdings, Inc. and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On June 23, 2020, GNC Holdings, Inc. and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 20-11662
Debtors – GNC Holdings, Inc., GNC Parent LLC, GNC Corporation, General Nutrition Centers, Inc., General Nutrition Corporation, General Nutrition Investment Company, Lucky Oldco Corporation, GNC Funding Inc., GNC International Holdings Inc., GNC China Holdco LLC, GNC Headquarters LLC, Gustine Sixth Avenue Associates, Ltd., GNC Canada Holdings, Inc., General Nutrition Centres Company, GNC Government Services, LLC, GNC Puerto Rico Holdings, Inc., and GNC Puerto Rico, LLC
Description of Debtors – Health and Personal Care Stores
Website of Debtors (URL) – www.gnc.com
Assigned Judge – The Honorable Karen B. Owens
Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Young Conaway Stargatt & Taylor, LLP and Latham & Watkins LLP
Proposed Financial Advisor – FTI Consulting, Inc.
Proposed Investment Banker – Evercore Group, L.L.C.
First Day Hearing – A first day hearing has been scheduled for June 25, 2020 at 10:30 a.m.
Bankruptcy Documents –
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.