GNC Settles Suit With Franchisees
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Pittsburgh – General Nutrition Companies Inc. hassettled three lawsuits brought by franchisees claiming they werecharged more for products than company-owned stores were. Under thesettlement GNC will offer wholesale product credits worth $125 permonth, per franchise store for the next year, $4.2 million inall.
The settlement still needs the approval of 90 percent ofGNC’s franchisees, a doubtful outcome in light of a recentNew York Times article describing franchisee complaintsabout GNC franchise practices. – Associated Press
Pittsburgh – General Nutrition Companies Inc. hassettled three lawsuits brought by franchisees claiming they werecharged more for products than company-owned stores were. Under thesettlement GNC will offer wholesale product credits worth $125 permonth, per franchise store for the next year, $4.2 million inall.
The settlement still needs the approval of 90 percent ofGNC’s franchisees, a doubtful outcome in light of a recentNew York Times article describing franchisee complaintsabout GNC franchise practices. – Associated Press
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