Vitamin Shoppe Owner Files for Chapter 11 Bankruptcy

Nov 5, 2024 · Prior to the bankruptcy, FRG held secondary liability on real estate leases for Pet Supplies Plus and Vitamin Shoppe franchisees, with obligations totaling $34.4M and $30.2M. …

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Vitamin Shoppe Owner Files For Chapter 11 Bankruptcy

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Nov 5, 2024 · Prior to the bankruptcy, FRG held secondary liability on real estate leases for Pet Supplies Plus and Vitamin Shoppe franchisees, with obligations totaling $34.4M and $30.2M. …

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Vitamin Shoppe Owner Franchise Group Files For Bankruptcy

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Nov 8, 2024 · FRG noted that the $250 million in Chapter 11 financing, combined with existing cash reserves, will provide it “with ample liquidity to maintain operations across its businesses …

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Vitamin Shoppe Owner Files For Bankruptcy | Retail Dive

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Nov 4, 2024 · Vitamin Shoppe owner files for bankruptcy ... Before filing under Chapter 11, Franchise Group paid $5.75 million in retention bonuses to certain insider employees and …

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B. Riley-backed Vitamin Shoppe Owner Files For Bankruptcy …

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Nov 4, 2024 · The retailer filed for Chapter 11 bankruptcy protection on Sunday, announcing it already had a deal with about 80% of its senior secured lenders that would allow them to …

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Vitamin Shoppe Owner Franchise Group Files For Bankruptcy

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Nov 4, 2024 · The bankruptcy plan includes a $250 million financing arrangement with first-lien lenders, enabling Franchise Group to sustain its key businesses like Vitamin Shoppe as well …

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Vitamin Shoppe Hits Chapter 11 Following Costly Take-Private Deal

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Nov 4, 2024 · The owner of Vitamin Shoppe, Franchise Group Inc., filed for Chapter 11 bankruptcy in Delaware, citing over $1 billion in secured debt. The filing comes a year after the …

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Vitamin Shoppe’s Parent Company Lists $2 Billion In Debt In …

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Nov 6, 2024 · The Vitamin Shoppe’s parent company has filed for bankruptcy protection in a surprise move that appears to be unrelated to the performance of the retailer of nutritional …

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Vitamin Shoppe Owner's Bankruptcy - LinkedIn

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Nov 4, 2024 · The parent company of Vitamin Shoppe and Pet Supplies Plus filed for Chapter 11 bankruptcy a year after it was taken private in a a $2.8 billion deal.

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FAQs about Vitamin Shoppe Owner Files for Chapter 11 Bankruptcy Coupon?

How much debt does Vitamin Shoppe have?

Riley told The Times in September that the firm had lowered its debt related to the deal to about $380 million and was carrying $1.9 billion in total debt. Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses. ...

What happened to the vitamin shop store?

“ The Vitamin Shoppe Shop Store ” by Mike Mozart is licensed under CC BY 2.0 This audio is auto-generated. Please let us know if you have feedback Franchise Group, whose banners include Pet Supplies Plus, The Vitamin Shoppe and Buddy’s Home Furnishings, on Sunday said it is undergoing restructuring within a Chapter 11 bankruptcy filing. ...

Who owns Vitamin Shoppe?

Franchise Group acquired Vitamin Shoppe in 2019 and in 2023 FRG subsequently agreed to a $30 per share deal to go private valued at about $2.6 billion and led by FRG CEO Brian Kahn. Following the deal, Franchise Group’s management team, including Kahn, continued to lead the company, which operates more than 3,000 stores. ...

Is vitamin Shoppe going out of business?

(Jason Armond / Los Angeles Times) Franchise Group, the company at the heart of a troubled management buyout that has devastated the stock of B. Riley Financial, has filed for bankruptcy — but plans to keep open most of its retail brands, including Vitamin Shoppe. ...

Does the Vitamin Shoppe have a franchise?

Meanwhile, The Vitamin Shoppe has been growing its franchise presence since its first location opened in 2022. The retailer continues to operate the majority of its 700+ stores directly. Franchise Group went public in 2019, the same year it acquired The Vitamin Shoppe for $208 million and American Freight for $450 million. ...

Does Buddy's home furnishings have a Chapter 11 bankruptcy?

The retailer filed for Chapter 11 bankruptcy protection on Sunday, announcing it already had a deal with about 80% of its senior secured lenders that would allow them to convert their debt into ownership stakes and continue operating the businesses. The company’s chains also include Pet Supplies Plus and Buddy’s Home Furnishings. ...