PYMNTS-MonitorEdge-May-2024

Franchise Group

Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy
Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy
November 07, 2024  |  Business

Franchise Group, owner of retailers like Vitamin Shoppe, started off this week by declaring bankruptcy. But as the company was collapsing, it paid insiders $5.75...

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Vitamin Shoppe Owner Franchise Group Filing for Bankruptcy
Vitamin Shoppe Owner Franchise Group Filing for Bankruptcy
November 03, 2024  |  Retail

Franchise Group (FRG), owner of Vitamin Shoppe and Pet Supplies Plus, is filing for bankruptcy. The company announced a restructuring plan Sunday (Nov. 3), as...

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Vitamin Shoppe Parent Goes Private in $2.6 Billion Deal
Vitamin Shoppe Parent Goes Private in $2.6 Billion Deal
May 11, 2023  |  Retail

Franchise Group, owner of retailers like Vitamin Shoppe, is set to become a private company. The retail holding company announced in a news release Wednesday...

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Retail Downturn Leads Kohl’s to End Sales Talks
Retail Downturn Leads Kohl’s to End Sales Talks
July 01, 2022  |  Retail

Kohl’s announced Friday (July 1) that it was ending negotiations to put itself up for sale, citing a financing and retail environment that had “significantly...

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Today in Retail: Gap Debuts Demit Omphroy, DOGAMÍ NFTs
Today in Retail: Gap Debuts Demit Omphroy, DOGAMÍ NFTs
June 07, 2022  |  Retail

Today in retail, ByteDance could sell a small percentage of its stake in online sneaker marketplace Poizon, while merchants deliver context to one-click commerce through...

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How Does a $1.5B Specialty Retailer Pull off an $8B Take-Under of Kohl’s?
How Does a $1.5B Specialty Retailer Pull off an $8B Take-Under of Kohl’s?
June 07, 2022  |  Retail

After more than a year of activist approaches, breakup proposals and rebuffed board shake-up plans, Kohl’s announced Monday (June 6) that it was entering into three...

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Kohl’s Gets 2 Competing Takeover Bids
Kohl’s Gets 2 Competing Takeover Bids
June 02, 2022  |  Retail

Kohl’s has been the recipient of takeover bids from private equity firm Sycamore Partners and Franchise Group, a retail holding company, The Wall Street Journal...

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Today in Retail: Albertsons Digital Sales Growth Slows to 5%; CarMax Falls Short of Earnings Estimate
Today in Retail: Albertsons Digital Sales Growth Slows to 5%; CarMax Falls Short of Earnings...
April 12, 2022  |  Retail

Today in retail, Albertsons digital sales growth slows, while CarMax fails to reach earnings estimates. Plus, Sephora’s chief technology officer looks forward to the “checkout...

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The Vitamin Shoppe Parent Franchise Group Offers $9B for Kohl’s
The Vitamin Shoppe Parent Franchise Group Offers $9B for Kohl’s
April 12, 2022  |  Retail

Franchise Group Inc., which owns and operates retail stores including The Vitamin Shoppe and Buddy’s Home Furnishings, has submitted a $9 billion indicative offer for...

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