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 well as plans to shutter one of its holdings, furniture chain American Freight. “Today’s announcement to de-lever our balance sheet...
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...
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 deteriorated.” The company issued a statement saying its board had “unanimously determined that it was no longer prudent to continue...
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 shoppers’ smartphones. Plus, Target goes employs “aggressive cost control” measures in the wake of its flagging Q1 fiscal performance. ByteDance...
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 […]
November 03, 2024
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 well as plans to shutter...
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...
July 01, 2022
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 deteriorated.” The company issued a...
