US EditionFranchise Group Successfully Completes Financial Restructuring
- Franchise Group, Inc. Completed its financial restructuring and emerged from Chapter 11 on June 6, 2025, in Virginia Beach, Virginia.
- This occurred after the Company's Plan of Reorganization received approval from the U.S. Bankruptcy Court in Delaware on June 2, 2025, with backing from major stakeholders.
- Over a seven-month period, the company completed its restructuring by narrowing its brand lineup, discontinuing operations at American Freight, and divesting The Vitamin Shoppe, while concentrating on key franchises such as Pet Supplies Plus.
- Franchise Group has emerged from restructuring with a much stronger financial foundation and improved cash resources, supported by an actionable backlog of more than 200 new stores that bolster its primary brand franchises.
- This reorganization positions Franchise Group and its franchises for long-term growth, supported by a reconstituted board with strong leadership and dedicated management teams.
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41 Articles
41 Articles
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Center
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Total News Sources41
Leaning Left6Leaning Right5Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 29%
C 48%
R 24%
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