Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring

Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring
2 months ago

In a significant development for the retail sector, Franchise Group has received court approval to borrow $250 million as part of its bankruptcy plan aimed at restructuring debt and stabilizing its operations. This financing, sanctioned under Chapter 11 bankruptcy protection, marks a crucial step for the company, which has been grappling with financial challenges for some time.

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B. Riley Chairman Stricken with Personal Disappointment as FRG Enters Bankruptcy

B. Riley Chairman Stricken with Personal Disappointment as FRG Enters Bankruptcy
2 months ago

In a recent turn of events within the financial world, B. Riley Financial Chairman, Bryant Riley, has expressed profound disappointment as Franchise Group Inc. (FRG) filed for Chapter 11 bankruptcy. The retailer, which operates various brands under its umbrella, including The Vitamin Shoppe, filed for bankruptcy on November 3, 2024, citing significant financial challenges exacerbated by unfavorable market conditions and increased competition.

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