bankruptcy
The Vitamin Shoppe Acquired by 2 Private Equity Firms
On April 16, private equity firms Kingswood Capital Management and Performance Investment Partners (PIP) entered a definitive agreement to acquire The Vitamin Shoppe (Secaucus, NJ) from Franchise Group Inc. (FRG). On Nov. 3, 2024, FRG filed for Chapter 11 bankruptcy and began a restructuring of its holding operations including the liquidation of American Freight. However, ...
The Vitamin Shoppe’s Parent Company Files for Bankruptcy, Business Remains Strong
On Nov. 3, Franchise Group Inc. (FRG, Delaware, OH), the holding company for retail brands American Freight, Buddy’s Home Furnishings, The Vitamin Shoppe and Pet Supplies Plus, filed for Chapter 11 bankruptcy. As per the bankruptcy filing, FRG is currently undergoing a restructuring plan, but will continue operating Buddy’s Home Furnishings, The Vitamin Shoppe and ...
Bankruptcy Court Approves Sale of GNC
Pennsylvania-based GNC Holdings Inc. received legal permission to sell itself to Chinese sponsor Harbin Pharmaceutical in bankruptcy court, despite recent resistance from U.S. political figures, according to Bloomberg. Bankruptcy Court Judge Karen Owens approved the health and wellness company’s plan to sell its assets to its largest shareholder and original bidder, Harbin Pharmaceutical Group Holding ...
GNC Files for Chapter 11 Bankruptcy
According to Bloomberg, Pennsylvania-based GNC Holdings Inc. filed for bankruptcy protection with the aim of selling itself and closing stores after its latest effort to manage its debt load unraveled amid the coronavirus pandemic, the company announced on Tuesday. The health and wellness company’s Chapter 11 petition filed in U.S. Bankruptcy Court in Delaware allows the ...
GNC Avoids Bankruptcy
As reported by TribLive, GNC Holdings, Inc. reached a last-minute deal with creditors that allows it to avoid bankruptcy for at least 30 days but no more than 90 days under a deal announced on May 15, the Pennsylvania-based health and wellness company said. GNC was facing a May 16 deadline to pay down debt ...
NPA Files For Bankruptcy
The Natural Products Association (NPA), which said it is the largest and oldest U.S. nonprofit dedicated to the natural products industry, filed for bankruptcy protection yesterday, citing six straight years of losses and a costly arbitration with a former chief financial officer. CEO and President Daniel Fabricant, PhD said in a filing with the U.S. ...
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