GNC Product Relabeling Part Of $9.3 Mil. "Impaired Assets" Expense
This article was originally published in The Tan Sheet
General Nutrition Companies reported a one-time "impaired assets" charge of $9.3 mil. in the fourth quarter ended Feb. 6 related to product relabeling, the closing of the company's Seattle-based Amphora chain of "aromatherapy" stores and the shutdown of two GNC stores in New Zealand.
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