Business briefs
GNC plans to open thousands more retail outlets in India
GNC is raising its stake in India, where it has had a presence since 2004. The Pittsburgh-based health and wellness retailer announced its current 50 retail locations in India will grow by 1,000 this year and another 3,000 retail outlets by 2020. GNC said it will be working with master franchise partner Guardian Healthcare Services Pvt. Ltd of India on the expansion. The announcement comes less than a month after GNC said it had entered a strategic partnership with Harbin Pharmaceutical Group Holding Co. in China.
FCC warns consumers of ‘neighbor spoofing’ scam
The Federal Communications Commission is warning consumers about “neighbor spoofing” scams where thieves manipulate caller ID information to make calls look like they are coming from the consumer’s area code. The tactic makes the caller seem more legitimate. To avoid being scammed, the agency recommends consumers don’t answer calls from unknown numbers; don’t provide personal information over the phone; and consider call blocking tools provided by phone companies or third-party app developers.
PPG chief executive’s compensation climbed in 2016
PPG chairman and chief executive Michael McGarry earned $14.2 million in compensation last year, up from $12.5 million in 2016, according to the company’s proxy statement filed with the Securities and Exchange Commission. That figure includes salary, stock and option awards, an incentive award, value of retirement plans, and other items such as use of a company airplane. Mr. McGarry earned 382 times more than PPG’s median employee compensation of $37,307, according to a pay ratio calculation included in the filing. The Downtownbased coatings maker has about 47,000 employees worldwide.