Franchise Group, Inc.
Case Number:
1:24-bk-12480
Court:
Nature of Suit:
Firms
- Ballard Spahr
- Chipman Brown
- Farnan LLP
- Kurtzman Steady
- Landis Rath
- Latham & Watkins
- Linebarger Goggan
- Paul Hastings
- Potter Anderson
- Potter Anderson & Corroon LLP
- Richards Layton
- White & Case
- Willkie Farr
- Young Conaway
Companies
Sectors & Industries:
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November 06, 2024
Vitamin Shoppe Owner Gets OK For Trimmed Ch. 11 Loan
The owner of the Vitamin Shoppe retail chain and other businesses received interim approval Wednesday from a Delaware bankruptcy judge for a slimmed-down Chapter 11 loan after the lenders agreed to more favorable financing terms.
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November 06, 2024
The Story Behind Franchise Group's Ch. 11 Case
Franchise Group Inc., the owner of Vitamin Shoppe and other franchise brands, filed for Chapter 11 bankruptcy amid challenging macroeconomic conditions and headwinds in the retail industry, coupled with the high costs of investigating its founder's involvement in a hedge fund collapse, according to court filings.
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November 05, 2024
Vitamin Shoppe Owner's Ch. 11 Loan Draws Creditor Fight
A proposed $250 million bankruptcy loan sought by the owner of the Vitamin Shoppe retail chain and other businesses drew substantial opposition Tuesday at a first-day hearing in the company's Chapter 11 case, with some creditors saying the financing is too large and too expensive.
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November 05, 2024
Catching Up With New Bankruptcy Case Action
Several companies sought Chapter 11 bankruptcy protection this week, reflecting diverse challenges across industries. TGI Fridays and Rainbow Production Services cited economic pressures and a post-COVID downturn, while Star Transportation and New Jersey nonprofit CarePoint Health Systems pointed to rising costs and funding issues that intensified after the pandemic.