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...
As restaurant and grocery aggregators push beyond their original categories to grow their penetration in retail, some are turning to consumables overall to drive purchasing frequency. Take, for instance, nutritional supplements, which many shoppers consume daily. On Thursday (Apr. 4), Uber announced Thursday (April 4) a partnership with The Vitamin...
With pet parents proving to be a digitally engaged group, often willing to splurge, DoorDash is seizing on the on-demand delivery opportunity to expand consumers’ adoption of its retail offerings. The nation’s leading aggregator announced Tuesday (Feb. 27) a same-day delivery partnership with Pet Supplies...
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...
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...
