Vitamin Supplement Chain GNC Taps Adviser for Rent Negotiations

GNC Holdings LLCis working with advisory firm A&G Real Estate Partners as the nutrition supplement retailer seeks concessions from landlords, according to people with knowledge of the situation.

• Pittsburgh-based GNC is seeking to cut expenses to shore up its cash reserves, said people, who asked not to be identified discussing a private matter
• “Optimizing expenses, including real estate, is a small part of our broader strategy to drive efficiency and long-term growth,” a representative for GNC said in an emailed statement
  • Messages left with A&G were not returned
• Harbin Pharmaceutical Group Holding Co., Ltd. took control of the company ...