Franchise Group Ch. 11 Plan Not 'Fully Baked,' Judge Says

By Emily Lever · February 7, 2025, 1:39 PM EST

A Delaware bankruptcy judge has declined to approve the disclosure statement for Franchise Group Inc.'s Chapter 11 plan, calling it not "fully baked" and saying the debtor should wait until after...

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Bankruptcy Scorecard

Summary

The owner of the Vitamin Shoppe retail chain and other franchised businesses filed for Chapter 11 protection in November about a year after the company went private with the intent of reducing its operating expenses.

Case Number

1:24-bk-12480

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.9 billion

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Related Sections

Case Information

Case Title

Franchise Group, Inc.

Case Number

1:24-bk-12480

Court

Delaware

Nature of Suit

Date Filed

November 03, 2024

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