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GNC Suspends All Sales Of USPlabs Products

  • Sub Headline: Sales Suspended Pending Review of USPlabs Products
  • City: Pittsburgh
  • State: Pennsylvania
  • Listed: November 21, 2015 3:13 pm
  • Expires: This ad has expired
GNC

Description

PITTSBURGH, Nov. 19, 2015 // FranchisePOD.com // — GNC Holdings, Inc. (NYSE: GNC), a leading global specialty retailer of health and wellness products, announced today that it is suspending sales of all products manufactured by USPlabs LLC (USPlabs) in light of the recent enforcement actions taken against USPlabs and its principals by the U.S. Department of Justice (DOJ) and other federal agencies.

Michael G. Archbold, Chief Executive Officer of GNC said, “While none of the recent allegations made against USPlabs relate to the current formulations of any of its products and we have no reason to believe that there are any health and safety issues with respect to any USPlabs products currently sold by GNC, it is in the best interest of our customers to suspend the sale of the company’s products pending further review. At GNC, we hold ourselves to the highest standards of product quality, purity and compliance and we expect nothing less from our third party vendors and suppliers.

“As an industry leader GNC has always gone above and beyond the minimum requirements in pursuing quality for our consumers, and we will continue to lead the efforts for higher standards with regard to the products we manufacture along with the products manufactured by third parties and carried in our stores.”

Sales of USPlabs products by GNC are immaterial.

About GNC Holdings, Inc.

GNC Holdings, Inc. (GNC) – headquartered in Pittsburgh, PA – is a leading global specialty health, wellness and performance retailer.

The Company’s foundation is built on 80 years of superior product quality and innovation. GNC connects customers to their best by offering a premium assortment of vitamins, minerals, herbal supplements, diet, sports nutrition and protein products. This assortment features proprietary GNC – including Mega Men®, Ultra Mega®, Total LeanTM, Pro Performance®, Pro Performance® AMP, Beyond Raw®, GNC PuredgeTM, GNC GenetixHD®, Herbal Plus® – and nationally recognized third-party brands.

GNC’s diversified, multi-channel business model generates revenue from product sales through company-owned retail stores, domestic and international franchise activities, third-party contract manufacturing, e-commerce and corporate partnerships. As of September 30, 2015, GNC had more than 9,000 locations, of which more than 6,700 retail locations are in the United States (including 1,067 franchise and 2,304 Rite Aid franchise store-within-a-store locations) and franchise operations in more than 50 countries.

SOURCE GNC Holdings, Inc.

Contacts:

Bryan Locke
Sard Verbinnen & Co.
212-687-8080
blocke@sardverb.com

Bob Rendine
Sard Verbinnen & Co.
212-687-8080
rrendine@sardverb.com

Ellen Davis
Sard Verbinnen & Co.
212-687-8080
edavis@sardverb.com

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Listing ID: 8755650d060e0012

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