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GNC Sales Fall 12% In Q4; Numico Considering “All Options” For Chain

This article was originally published in The Tan Sheet

Executive Summary

A 17% decline in ephedra revenue in 2002 pulled GNC sales down 6% to $1.57 bil. (€1=$1.09) for the year, parent Royal Numico reported in a March 6 presentation on its financial results

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Divestiture of Royal Numico division completed July 17. Paulo Bangerter and Aaron Webber will manage the direct selling business as an entrepreneurial venture. The transaction will result in net cash inflow of approximately $22.6 mil. by Q2 2004, the Dutch company said. Numico signed a letter of intent to sell Unicity to Activated Holdings in March (1"The Tan Sheet" March 10, 2003, p. 3)...

Numico sale of Unicity final

Divestiture of Royal Numico division completed July 17. Paulo Bangerter and Aaron Webber will manage the direct selling business as an entrepreneurial venture. The transaction will result in net cash inflow of approximately $22.6 mil. by Q2 2004, the Dutch company said. Numico signed a letter of intent to sell Unicity to Activated Holdings in March (1"The Tan Sheet" March 10, 2003, p. 3)...

Numico sale of Unicity final

Divestiture of Royal Numico division completed July 17. Paulo Bangerter and Aaron Webber will manage the direct selling business as an entrepreneurial venture. The transaction will result in net cash inflow of approximately $22.6 mil. by Q2 2004, the Dutch company said. Numico signed a letter of intent to sell Unicity to Activated Holdings in March (1"The Tan Sheet" March 10, 2003, p. 3)...

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