American Freight news and trends

Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy

November 07, 2024
Franchise Group, bankruptcy, bonuses
Vitamin Shoppe Parent Goes Private in $2.6 Billion Deal
Retail // May 11, 2023

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 (May 10) that it would be taken private by a group led by CEO Brian Kahn in a deal worth...

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Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy

November 07, 2024
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 million in bonuses to keep them in their jobs, Bloomberg News reported Thursday (Nov. 7).  The report, which cited court documents related to the bankruptcy, said that other key employees […]

Vitamin Shoppe Parent Goes Private in $2.6 Billion Deal

May 11, 2023
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 (May 10) that it would...