Home Featured GNC Scraps Auction, Going Ahead With Sale to China’s Harbin

GNC Scraps Auction, Going Ahead With Sale to China’s Harbin

by Bioreports
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GNC Holdings Inc. is moving ahead with a sale to China’s Harbin Pharmaceutical Group Co. after no other offers emerged, even as the deal drew scrutiny from Sen. Marco Rubio.

The vitamin retailer said Monday it was canceling a bankruptcy auction and proceeding with a sale of its assets to Harbin for $760 million.

Sen. Rubio (R., Fla.) last…

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