Discount Retailer Gabe’s Hires A&G to Negotiate With Landlords

Discount US retail chain Gabe’s has hired A&G Real Estate Partners to hold negotiations with landlords as the cash-strapped company seeks to boost liquidity, according to people with knowledge of the matter.

The talks come as the Warburg Pincus-backed retailer elected to miss April rent payments on some stores, said the people, who asked not to be identified discussing private information.

A representative for Warburg Pincus declined to comment. Representatives for Gabe’s and A&G didn’t immediately respond to requests for comment.

The company has been working with Jefferies Financial Group Inc. to explore strategic options including a potential capital ...