Bankrupt vitamin and supplements retailer begins store closings
Vitamin World is trimming its store portfolio.
Gordon Brothers has begun liquidating the inventory of 122 Vitamin World stores nationwide. The chain, owned by vitamin giant Nature's Bounty, filed for Chapter 11 bankruptcy protection in September with a plan to close dozens of its underperforming locations. In its filing, the company listed debt and other obligations of more than $43.6 million and estimated its assets at $50 million to $100 million.
The closings will leave Vitamin World with some 150 stores. According to a report by Newsday, Vitamin World hopes to see its remaining stores to another company.
Gordon Brothers has begun liquidating the inventory of 122 Vitamin World stores nationwide. The chain, owned by vitamin giant Nature's Bounty, filed for Chapter 11 bankruptcy protection in September with a plan to close dozens of its underperforming locations. In its filing, the company listed debt and other obligations of more than $43.6 million and estimated its assets at $50 million to $100 million.
The closings will leave Vitamin World with some 150 stores. According to a report by Newsday, Vitamin World hopes to see its remaining stores to another company.