Franchise Group exits Chapter 11
Published Monday, June 16, 2025 11:00 am
by Howard Ruben

This is a summary

"Without the constraints of bankruptcy, and minus two of its banners, Franchise Group is now able to better service the franchisees, vendors and customers of its core businesses, per the release. 

“While Franchise Group had some solid businesses, its main issue was that it carried too much debt,” Neil Saunders, GlobalData Managing Director, said in an email. “The sale of The Vitamin Shoppe and the winding down of American Freight – which had faced a massive slump in demand – helped to stabilize things. The two businesses which now constitute the group, Pet Supplies Plus and Buddy’s, have better prospects. However, both face tough competition and need to do more to stand out and differentiate, especially in a tightening economy.”"

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Franchise Group exits Chapter 11 | Retail Dive

Image credit to Pete Alexopoulos on Unsplash

Franchise Group exits Chapter 11 | Retail Dive

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