NBTY Moves On From U.K. Health Food Retail Misadventure
This article was originally published in The Tan Sheet
Executive Summary
Less than four years after acquiring U.K. chain Julian Graves as a platform for European growth, NBTY absorbs a $20 mil. charge to get rid of the subsidiary, which had “continuing operating losses.” NBTY plans to refocus resources on Holland & Barrett and its other European supplement retailers.