EPISODE · Sep 13, 2020 · 10 MIN
Marco Rubio Flexes on GNC Bankruptcy Sale to Chinese Company
from the Joshua Schall Audio Experience · host Joshua Schall
Who cares that an 85-year-old American vitamin retail business is going to be acquired through bankruptcy by a Chinese company, right? Well it seems a few powerful and loud voices have stepped up to share their thoughts on the GNC bankruptcy sale. One such voice is Marco Rubio, who has requested a full review of this transaction by the Committee on Foreign Investment in the United States (CFIUS). The heart of the concern comes from three main areas; (1) Customer Data (2) Military Base GNC locations (3) United States and China Trade Tensions. If Marco Rubio is successful in his national security concerns, GNC will need to move into Plan B or C with their bankruptcy auction that officially ended for bidders on 9/11/2020.
What this episode covers
Who cares that an 85-year-old American vitamin retail business is going to be acquired through bankruptcy by a Chinese company, right? Well it seems a few powerful and loud voices have stepped up to share their thoughts on the GNC bankruptcy sale. One such voice is Marco Rubio, who has requested a full review of this transaction by the Committee on Foreign Investment in the United States (CFIUS). The heart of the concern comes from three main areas; (1) Customer Data (2) Military Base GNC locations (3) United States and China Trade Tensions. If Marco Rubio is successful in his national security concerns, GNC will need to move into Plan B or C with their bankruptcy auction that officially ended for bidders on 9/11/2020.
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Marco Rubio Flexes on GNC Bankruptcy Sale to Chinese Company
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