General Nutrition Corporation (GNC) is a Pittsburgh, Pennsylvania-based mostly American business enterprise targeted on the retail sale of well being and diet associated merchandise, together with nutritional vitamins, dietary supplements, minerals, herbs, sports activities diet, weight-reduction plan, and power merchandise.
In 1935, David Shakarian opened a small well being meals retailer, Lackzoom, in downtown Pittsburgh. He solely made USD $35 on his first day, however was in a position to open a second retailer inside six months. A yr later, Shakarian suffered from what gave the impression to be a deadly blow when the Ohio River flooded on St. Patrick’s Day. Each of his shops have been worn out. Nevertheless, he shortly rebuilt each shops, and opened 5 extra by 1941. The corporate formally registered as a company on September 1, 1936 Shakarian moved into the mail order enterprise throughout WWII. He mentioned that clients despatched him a test and requested him to mail their product as they may not drive to his retailer because of the fuel rationing which occurred throughout WWII. Through the well being meals craze of the Sixties, Shakarian expanded his chain outdoors Pittsburgh for the primary time, and within the course of modified its identify to Common Diet Heart. He continued to run the chain till his loss of life in 1984. Shakarian took GNC public (listed on the NYSE) within the Eighties. Overexpansion and his loss of life in 1984 resulted in a extremely leveraged GNC.
The Shakarian household determined to promote GNC shortly after his dying. The household introduced in a “flip round” govt, Jerry Horn, with directions to “cease the bleeding” and place GNC to be offered. In 1990 the corporate thought of relocating however a public/personal effort retained GNC headquarters in Downtown Pittsburgh. GNC was taken personal and bought to The Thomas Lee Firm, a PE funding/administration fund within the late Nineties. Thomas Lee ran GNC and took it public previous to promoting the corporate to Royal Dutch Numico and Numico acquired GNC in 1999; it offered GNC to Apollo Administration in 2003. Ontario Academics’ Pension Plan and Ares Administration purchased GNC in 2007. GNC went public in 2011.
GNC shops sometimes inventory a variety of weight reduction, bodybuilding, dietary dietary supplements, nutritional vitamins, pure cures, and well being and wonder merchandise, in each its owned manufacturers in addition to third-get together manufacturers. The shops additionally promote well being and health books and magazines.
GNC has over 6,000 shops within the U.S., together with 1,one hundred retailer-inside-a-retailer places inside Ceremony Help, in addition to areas in forty nine different nations.As well as, GNC LiveWell at the moment has forty one Shops situated in Brisbane, Sydney, and Melbourne in Australia.
Six formulation of GNC-branded multivitamins had been examined by ConsumerLab.com in its Multivitamin and Multimineral Dietary supplements Assessment of 38 of the main multivitamin/multimineral merchandise bought within the U.S. and Canada. All six formulation handed ConsumerLab’s check, which included testing of chosen index components, their means to disintegrate in answer per United States Pharmacopeia tips, lead contamination threshold set in California Proposition sixty five, and assembly U.S. Meals and Drug Administration (FDA) labeling necessities.