GNC Sale Update

<b></b>

Pittsburgh--Last month, the Miami Herald reported that GNC's parent company may put the nutrition supplement retailer up for sale (see "GNC in Trouble, May Go on Sale"). The New York Post is now saying that Royal Numico NV, GNC's parent and a Dutch baby food and nutrition company, has decided to unload the struggling chain it bought just four years ago. The company has been considering selling GNC for the past few months and recently instructed investment bank Goldman Sachs to run a formal auction for the sale.

The company is hoping to fetch as much as $900 million to $1 billion for the sale, though some say GNC will likely sell for less. Potential buyers range from past owner Thomas H. Lee Partners to an investment team led by JW Childs and former GNC management. -New York Post

Innovation

The Greasy, Glamorous Rise of Mascara

You won't believe the grimy gunk people used to smear on their eyelashes -- and still do.

Business News

Police: 82-Year-Old Woman Found Alive at New York Funeral Home After Being Pronounced Dead

The woman was found breathing almost three hours after she was pronounced dead.

Business News

An NFL Rookie Scores a $514,000 Jackpot in Las Vegas

Los Angeles Rams running back Ronnie Rivers sat down to play 3-card poker and left a half million dollars richer.

Business News

'Our Kids Aren't Even Safe To Order Food': Mother Outraged After DoorDash Employee Uses App to Flirt With Teen Daughter

One mom is going viral on TikTok after catching a DoorDash employee attempting to flirt with her 15-year-old daughter through the messaging service provided through the platform.

Innovation

4 Ways to Use Customer Feedback for Business Innovation

Innovation is as much about understanding customer needs as it is about passion, and customer feedback is essential to entrepreneurs. Here are four ways to use customer feedback to improve businesses.

Business News

Actor Says Kiss in Netflix's 'You People' Was CGI Generated. What Does It Mean for the Future of Rom-Coms?

On his "Brilliant Idiots" podcast, "You People" actor Andrew Schulz said the kiss by Jonah Hill and Lauren London was completely fake.