The pandemic had a direct, negative impact on GNC Holdings, which sells natural supplements and vitamins, and actually saw growing demand for its products during the pandemic. Yet it was too little too late for the company, which was burdened by roughly $900 million in debt heading into 2020 before it was forced to close many of its retail locations for several weeks. Lower sales, a dwindling supply of cash, and upcoming debt payments led GNC to file for bankruptcy in June. The company was allowed to sell itself to its largest shareholder, Chinese company Harbin Pharmaceutical, for $770 million, and roughly 1,400 GNC locations will remain open as a result.

Could the company GNC Holdings avoided bankruptcy?

How could they have?

Can you find and share the Balance Sheet for the company GNC Holdings to show me how they could have avoided bankruptcy so I can understand how?

Thanks