Frg news and trends

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

November 07, 2024
Franchise Group, bankruptcy, bonuses
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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 […]