Vitamin Shoppe owner's bankruptcy - LinkedIn

Nov 4, 2024 · The Vitamin Shoppe owner Franchise Group, Inc., backed by investment bank B. Riley Financial, said on Sunday it has commenced voluntary Chapter 11 proceedings in the …

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Chapter 11 For The Vitamin Shoppe’s Parent Company: What

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Nov 5, 2024 · It’s a rough week for The Vitamin Shoppe's parent company. Filing for Chapter 11 in Delaware and listing over $1 billion in secured debt is no small feat. Agree & Join LinkedIn

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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 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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FAQs about Vitamin Shoppe owner's bankruptcy - LinkedIn Coupon?

Does vitamin Shoppe have a Chapter 11 bankruptcy?

Vitamin Shoppe-owner Franchise Group, backed by investment bank B. Riley Financial , said on Sunday it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. ...

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. ...

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 Vitamin Shoppe & Pet Supplies Plus?

Franchise Group, owner of Vitamin Shoppe and Pet Supplies Plus, is filing for bankruptcy and will close one of its holdings, American Freight. ...

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. ...