GNC
With the strengthened market in China and an e-commerce site that showcases good numbers, GNC, a health and nutrition product-related company decided to sell 40% of shares to a Chinese pharmacy company. Despite the demand for health and nutrition and people getting into fitness, the companies sales fell by 3.4% in 2017 which resulted in billions of debts in its top-line sales and profits, which is why GNC turned its focus elsewhere. The pharmacy company that brought its shares will distribute GNC’s products in China by producing, promoting, selling and distributing GNC’s products in China.
GNC
Fred’s Pharmacy
Fred’s Pharmacy wanted to expand their stores across the U.S. from 600 to 1,000, but that never happened. The gross profits of the company fell 4.3 percent from the previous fiscal year, with a bottom line of $139.3 million posted. In 2018, Fred’s CFO quit the organization, turning the former media executive into the man in charge. Fred’s then sold for $40 million to a specialist pharmacy, CVS.
Fred’s Pharmacy
