GNC On The Line: Retailer Faces “Probation” Period To Shape Up Financials
This article was originally published in The Tan Sheet
Executive Summary
Royal Numico is giving subsidiary GNC a 12- to 18-month probationary period to ramp up its financial performance, President & CEO Jan Bennink told analysts in London Nov. 8
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Numico Uses GNC Earnings Increase As Leverage In Discussions To Sell Unit
GNC's improved earnings performance in the second quarter enhances parent company Royal Numico's bargaining position as it discusses selling off the division, the firm says
Numico Uses GNC Earnings Increase As Leverage In Discussions To Sell Unit
GNC's improved earnings performance in the second quarter enhances parent company Royal Numico's bargaining position as it discusses selling off the division, the firm says