Vitamin Shoppe Owner Franchise Group Inc. Files For Chapter 11 [Forbes]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Forbes
Vitamin Shoppe owner Franchise Group Inc. has filed for Chapter 11 bankruptcy protection after racking up months of losses and with background troubles dogging its Los Angeles-based backer B. Riley Financial Inc. The holding company, also known as FRG, owns a number of brands including Buddy's Home Furnishings and Pet Supplies Plus, filed in Delaware , setting out in court documents almost $2 billion of debt. The news followed persistent rumors that FRG was preparing to hand control to lenders including HPS Investment Partners after lengthy restructuring negotiations. FRG said in a statement that it had struck a deal with lenders that own the majority of its senior debt. Under the proposal, lenders have agreed to swap out debt for 100% of the equity in the reorganized business. 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. Following the deal, F
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News
- Laconic Announces Joseph Niciforo as its New Chairman of the Board [Yahoo! Finance]Yahoo! Finance
- B. Riley Financial, Inc. (NASDAQ: RILY) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley [Yahoo! Finance]Yahoo! Finance
- AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way [CNBC]CNBC
- The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. RileyPR Newswire
RILY
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form 8-K
- RILY's page on the SEC website