PITTSBURGH, April 5, 2018 /PRNewswire/ -- General
Nutrition Corporation (NYSE: GNC) today announced plans to
establish and develop a presence in the Australian market.
Under a master franchise agreement, GNC will partner with Rapid
Nutrition to market, sell and distribute GNC products through
retail outlet expansion, e-commerce, and other potential
distribution channels throughout Australia. In addition, Rapid Nutrition will
be able to distribute its owned brands through the GNC global
network.
"We are pleased to partner with one of the leading distributors
of health and wellness products in Australia and believe this partnership will
fuel our entry and expansion into the large Australian market,"
said Ken Martindale, chief executive officer of GNC.
"Rapid Nutrition has an established presence in Australia and shares our commitment to
advanced, high-quality products and ingredients."
According to Euromonitor, Australia's consumer health market was
approximately $3.1 billion in 2017.
About GNC
GNC Holdings, Inc. (NYSE: GNC) - Headquartered in
Pittsburgh, PA - is a leading
global specialty health, wellness and performance retailer.
GNC connects customers to their best selves by offering a
premium assortment of heath, wellness and performance products,
including protein, performance supplements, weight management
supplements, vitamins, herbs and greens, wellness supplements,
health and beauty, food and drink and other general merchandise.
This assortment features proprietary GNC 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 December 31, 2017, GNC had
approximately 9,000 locations, of which approximately 6,700 retail
locations are in the United States
(including approximately 2,400 Rite Aid franchise
store-within-a-store locations) and franchise operations in
approximately 50 countries.
About Rapid Nutrition
Rapid is a natural healthcare company focused on the research
and development, manufacturing and distribution of weight-loss and
diet management products, sports nutrition products, vitamins and
dietary supplements and a range of life science products. The
Company has registered products in and or exported its products to
Australia, Asia, India,
Europe, Middle East, Africa and the US.
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SOURCE GNC Holdings, Inc.