Vitamin World Inc., a specialty retailer formerly owned by vitamin manufacturing giant Nature’s Bounty, filed for chapter 11 protection on Monday with a plan to close dozens of its underperforming stores, the Wall Street Journal reported. The vitamin and supplements seller said in court papers that it has identified 51 stores it intends to close as part of its restructuring under chapter 11. Vitamin World, which operates some 334 stores, blamed its bankruptcy on “significant supply chain and ingredient availability disruptions” along with “above-market rents and underperforming retail stores,” in papers filed with the U.S. Bankruptcy Court in Wilmington, Del.
