{
Pet Supplies Plus

Companies

}
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001122334455554433221100

franchise group files for chapter 11 bankruptcy amid financial struggles

Franchise Group Inc., owner of brands like Vitamin Shoppe and Pet Supplies Plus, has filed for Chapter 11 bankruptcy protection in Delaware, citing significant losses and turmoil involving its founder and backer, B. Riley Financial Inc. The company reported assets and liabilities between $1 billion and $10 billion and is set to transfer control to lenders, including HPS Investment Partners, following extensive restructuring negotiations.
Bloomberg.com
B. Riley Financial, Inc. HPS Investment Partners LLC Franchise Group Inc. Pet Supplies Plus Vitamin Shoppe Inc. USA Show more
Finance & Economy, News Article
00:23 04.11.2024

franchise group prepares for chapter 11 bankruptcy amid financial struggles

Franchise Group Inc., which owns brands like The Vitamin Shoppe and Pet Supplies Plus, is set to file for Chapter 11 bankruptcy this weekend after enduring months of financial losses and turmoil involving its founder and a key investor. The plan involves senior lenders, including HPS Investment Partners, taking control of the company as it seeks to restructure.
Bloomberg.com
Franchise Group Inc. Pet Supplies Plus The Vitamin Shoppe HPS Investment Partners LLC USA Show more
Finance & Economy, News Article
23:50 02.11.2024
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