B. Riley-Backed Franchise Group Paid Millions in Bonuses Ahead …
6 days ago · 2:36. Franchise Group Inc., the bankrupt brand manager backed by B. Riley Financial Inc., paid insiders $5.75 million in retention bonuses to keep them in place as the owner of Vitamin Shoppe and ...
Franchise Group Reaches Agreement with First Lien Lenders to ...
Nov 3, 2024 · Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of approximately 80% of its first lien debt on a...
B. Riley slumps on warning of bigger hit from Franchise Group ...
Nov 4 (Reuters) - B. Riley Financial's (RILY.O) shares plunged nearly 13% in afternoon trading on Monday after Franchise Group, a retailer backed by the bank, filed for bankruptcy. The bank also ...
Franchise Group Approved to Borrow $250 Million in Bankruptcy
Nov 6, 2024 · Franchise Group Inc. won temporary court permission to borrow as much as $250 million from its senior lenders in order to keep operating while the bankrupt, brand management firm tries to cut debt ...
B. Riley Financial expects additional impairment after Franchise Group ...
Nov 4, 2024 · Franchise Group's problems have been an issue for B. Riley for months. In August 2023, former Franchise Group CEO Brian Kahn, with help from B. Riley ( RILY ) and others, led a management-led ...
Vitamin Shoppe Owner Franchise Group Inc. Files For Chapter 11
Nov 4, 2024 · Franchise Group acquired Vitamin Shoppe in 2019 and in 2023 FRG subsequently agreed to a $30 per share deal to go private valued at about $2.6 billion and led by FRG CEO Brian Kahn.
Franchise Group Judge Voices Concern About $750m Loan Request
Nov 5, 2024 · Bloomberg News. Franchise Group must return to bankruptcy court Wednesday in its effort to get approval of a $750 million loan package that the bankrupt owner of Vitamin Shoppe and other retailers claims it needs to reorganize and avoid liquidation. US Bankruptcy Judge John Dorsey declined to immediately approve the financing during a Tuesday ...
B. Riley-Backed Franchise Group Prepares to File for Bankruptcy
November 2, 2024 at 3:50 PM PDT. Translate. Franchise Group Inc., the owner of brands including The Vitamin Shoppe and Pet Supplies Plus, is preparing to file for bankruptcy as soon as this ...
Franchise Group, Inc. Announces Definitive Agreement to Be …
DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement...
Franchise Group, Inc. Announces Completion of Merger - Yahoo Finance
DELAWARE, Ohio, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”), today announced that a buyer group including members of...
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