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GNC To Close Temecula Store, Files Chapter 11 Bankruptcy

GNC To Close Temecula Store, Files Chapter 11 Bankruptcy

TEMECULA, CA — GNC has submitted for Chapter 11 personal bankruptcy and introduced ideas to near 27 California outlets, which includes its area at Promenade Temecula.

The overall health health supplement giant has struggled financially for a long time, operating to spend off debt, GNC explained Tuesday in a assertion on its web page. Executives had been doing the job to refinance the organization when the coronavirus pandemic commenced.

COVID-19 “developed a predicament exactly where we were unable to attain our refinancing,” the GNC statement examine. “The abrupt transform in the functioning ecosystem had a spectacular detrimental affect on our organization.”

Though the Promenade Temecula area is on the chopping block, nearby GNC outlets in Murrieta and Lake Elsinore had been spared, as was the retailer on Ynez Highway in Temecula’s Palm Plaza.

GNC mentioned Chapter 11 personal bankruptcy was its greatest alternative to continue to be in business enterprise prolonged-time period. It programs to close 800 to 1,200 stores nationwide and aim on shops that see far more buyers.

Reward playing cards will retain price and GNC’s 30-working day return plan is nonetheless in influence. No distinctive promotions are forthcoming, the enterprise reported.

California outlets slated for closure are positioned in:

  • Brawley

  • Buena Park

  • Burbank

  • Carlsbad

  • Colton

  • Corona

  • Emeryville

  • Gilroy

  • Modesto

  • Monrovia

  • Monterey

  • Palmdale

  • Palo Alto

  • Rancho Bernardo

  • Rancho Cucamonga

  • Rancho Mirage

  • Purple Bluff

  • Rocklin

  • San Diego

  • Santa Ana

  • Santa Cruz

  • Santa Rosa

  • Temecula

  • Tracy

  • Union Metropolis

  • West Sacramento

  • Yucaipa

See the entire checklist of closures here and go through far more data from GNC about how individual bankruptcy will impact its operations listed here.

—Patch Editor Courtney Teague

This short article at first appeared on the Temecula Patch