News | Franchise Group, with Chapter 11, plans to close 300 ...
Nov 4, 2024 · Franchise Group's Chapter 11 filing, which reported nearly $2 billion in debt, and the American Freight shutdown will be adding to the growing pile of retail bankruptcies and store closings...
Franchise Group, Inc. Announces Definitive Agreement to Be ...
DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement...
B. Riley-Backed Franchise Group Files for Bankruptcy
Nov 4, 2024 · (Bloomberg) -- Franchise Group Inc., the owner of brands including the Vitamin Shoppe, Buddy’s Home Furnishings and Pet Supplies Plus, filed for bankruptcy protection after months of losses and...
Franchise Group, Inc. Announces Completion of Merger
DELAWARE, Ohio, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”), today announced that a buyer group including members of...
B. Riley-Backed FRG Paid Millions in Bonuses Before Collapse (1)
Nov 7, 2024 · Franchise Group Inc., the bankrupt brand manager backed by B. Riley Financial Inc., paid insiders $5.75 million in retention bonuses to keep them in place as the owner of Vitamin Shoppe and American Freight was collapsing. Other key employees who are not considered insiders split an additional $2.16 million in bonuses, which can be clawed back ...
Franchise Group CEO steps down amid SEC probe - Investment News
Jan 22, 2024 · Brian Kahn is stepping down as chief executive of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse...
B. Riley shares plummet after investment losses, ratings ...
Nov 13, 2023 · S&P Global Ratings also downgraded the credit rating of Vitamin Shoppe owner Franchise Group Inc on Friday, following a $2.6 billion take-private deal involving a consortium of investors...
Vitamin Shoppe owner taken private in $2.6 bln deal with CEO ...
May 10 (Reuters) - Vitamin Shoppe owner Franchise Group Inc (FRG.O) would be taken private by a group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on...
Franchise Group CEO Brian Kahn Steps Down Amid SEC Queries ...
Jan 22, 2024 · Brian Kahn is stepping down as chief executive officer of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to a...
Franchise Group Judge Voices Concern About $750m Loan Request
Nov 5, 2024 · Franchise Group must return to bankruptcy court Wednesday in its effort to get approval of a $750 million loan package that the bankrupt owner of Vitamin Shoppe and other retailers claims it needs to reorganize and avoid liquidation.