Overview. The Vitamin Shoppe, a subsidiary of Franchise Group Inc., appears to be the first national wellness retailer to launch its own CBD line. /Size 18 >> endobj VIRGINIA BEACH, Va., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced the completion of its previously announced acquisition of Vitamin Shoppe, Inc. (“The Vitamin Shoppe”), an omni-channel, specialty retailer of nutritional products. The Vitamin Shoppe was acquired by Liberty Tax. Acquired by Franchise Group in December 2019 after Irving Place Capital sold the remaining shares of the company and its division, Super Supplements to Franchise Group in … stream Find franchise information, like franchise cost and available locations that will allow you to start a small business and become a franchise owner. << The Vitamin Shoppe®, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is an omni-channel specialty retailer and wellness lifestyle Company with the mission of providing customers with the most trusted products, guidance, and services to help them become their best selves, however they define it. /Info 3 0 R endstream Franchise Group, Inc. Retires Vitamin Shoppe s $70 Million Acquisition Term Loan August 13, 2020 ORLANDO, Fla. , Aug. 13, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) ( Franchise Group or the Company ) today announced that it has fully repaid the $70 million acquisition term loan ( Acquisition Loan ) utilized to purchase The Vitamin Shoppe ( TVS ) in December 2019 . /Group << /L 33409 /O 7 Forward-looking statements are often accompanied by words that convey projected future events or outcomes such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “potential,” or words of similar meaning or other statements concerning opinions or judgment of the Company or its management about future events. 0000007486 00000 n The Vitamin Shoppe, a subsidiary of Franchise Group Inc., appears to be the first national wellness retailer to launch its own CBD line. The Vitamin Shoppe is a trusted specialty retailer and wellness lifestyle brand that allows customers to help them become their best selves through a wide variety of proprietary and national brands of nutritional solutions and natural beauty aids. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, many of which are beyond the control of the Company. The Vitamin Shoppe, a subsidiary of Franchise Group Inc., is the first national retailer to carry the full line of Martha Stewart CBD wellness products. /S 52 Announces Approval of Quarterly Common Stock Dividend The Vitamin Shoppe, a subsidiary of Franchise Group Inc., is considered “essential” and has remained open all through the pandemic. As announced in August 2019, The Vitamin Shoppe has entered into a definitive agreement (the “Merger Agreement”) to be acquired by Franchise Group, Inc. (formerly known as Liberty Tax, Inc.) (“Franchise Group”) in an all-cash transaction (the transaction hereafter referred to as the “Merger”). /Filter /FlateDecode /Pages 2 0 R The Vitamin Shoppe®, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is an omni-channel specialty retailer and wellness lifestyle Company with … Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Check out 253 trending franchise opportunities in the Spokane area . >> The Vitamin Shoppe went public in 2009. 0. It operates through 4 segments: … After an initial honeymoon, the company has struggled with falling earnings for years. >> The Vitamin Shoppe®, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is an omni-channel specialty retailer and wellness lifestyle Company with the mission of providing customers with the most trusted products, guidance, and services to help them become their best selves, however they define it. (“The Vitamin Shoppe”), an omni-channel, specialty retailer of nutritional products. /P 7 0 R /Type /Action x�� ��U�k�5�&��x ��2��x�,Y��Ԭ�TJ�K�$v��%�d��^��&e���D� Vitamin Stores: Franchise Information from Entrepreneur.com - Page 1 endobj /Source (WeJXFxNO4fJduyUMetTcP9+oaONfINN4+d607/3BHX8C8AyZClzaSPkvYltB5A1PB9khgm8VtCFmyd8gIrwOjQRAIjPsWhM4vgMCV\ /BaseFont /Helvetica Subsequently, we closed on the acquisitions of the Sears Outlet business in October, The Vitamin Shoppe in December and American Freight in February of 2020. Franchise Group, Inc. operates as a retailer, franchisor operator, and acquirer of franchised and franchisable businesses. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Transition Report on Form 10-K/T for the transition period ended December 28, 2019, and comparable sections of the Company’s Quarterly Reports on Form 10-Q and other filings, which have been filed with the SEC and are available on the SEC’s website at www.sec.gov. /Border [0 0 0] /Root 5 0 R Jeffrey Horowitz founded The Vitamin Shoppe in 1977. <403FACF59616EA18D602DCAF286F02E0>] Save. Forward-looking statements speak only as of the date they are made and the Company does not undertake any obligation to update, revise or clarify these forward-looking statements, whether as a result of new information, future events or otherwise. In Retail. stream >> Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support endstream << /XXAlt (Franchise Group, Inc. /A << The Vitamin Shoppe, a subsidiary of Franchise Group Inc., is considered “essential” and has remained open all through the pandemic. /Prev 33271 It also operated three stores in Canada under the name VitaPath from January 2013 until March 2016. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Other national chains – such as Walgreens, CVS, Walmart, Kroger, and Family Video – started selling CBD products following the passage of the 2018 Farm Bill which legalized the cannabinoid. >> endobj endobj endobj /ColorSpace /DeviceRGB Franchise Group, Inc. (NASDAQ: FRG) is an operator of franchised and franchisable businesses and uses its operating expertise to drive cost efficiencies and … 0000002311 00000 n Franchise Group, Inc: Website: vitaminshoppe.com: Vitamin Shoppe store, Ann Arbor, Michigan. >> stream Vitamin Stores: Franchise Information from Entrepreneur.com - Page 1 %���� Franchise Group, Inc. Retires Vitamin Shoppe’s $70 Million Acquisition Term Loan GlobeNewswire 35d Franchise Group, Inc. Acquiring Organization: Franchise Group Franchise Group, is committed to exceeding our customers’ expectations every day. Such forward-looking statements are based on various assumptions as of the time they are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 0000001501 00000 n >> The Vitamin Shoppe is a division of Franchise Group, Inc. My Account. 11 0 obj 0000000032 00000 n The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. >> %PDF-1.4 All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. /Linearized 1 The Martha Stewart CBD products are developed by television show host and entrepreneur Martha Stewart in collaboration with Canopy Growth and Marquee Brands. >> endobj QYRK��m��5Gw��{�;������=����Ͻ��{�=�{�9�>"G�9r�ȑ#G�9r�ȑ#G��;>��]x�9�����)�ϱc���s�r|����q4���q4���q4�� �N~\��O,a���옶D�*J�����rmېe$�>�ZUB^ /E 32972 VIRGINIA BEACH, Va., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced the completion of … ]�䈇��nR�8�g ����z�K��}d�sy�B6>[�r\�~}Z�U�Bl�ÌK?���M��EK�z��IbT�x�O}剉�,�V32ꠧ*�wM�T��3�6�})�*O��NI"������[t�ڬ��pM�*v��me�i�c)�m��� Since closing the acquisition of The Vitamin Shoppe on December 16, 2019, the Company has now repaid, or acquired for its own account (through a wholly owned subsidiary), more than $22 million of the original $70 million term loan. W 14 0 obj © 2020 GlobeNewswire, Inc. All Rights Reserved. Franchise Group’s business lines include Liberty Tax Service, Buddy’s Home Furnishings, American Freight and The Vitamin Shoppe. /Length 73 x�+��2T0 BCc3J�����LLJ6Up��� The investment company will change its name from Liberty Tax to the Franchise Group. 0000002118 00000 n Kastin also noted that, for Vitamin Shoppe, there’s a connection between brick-and-mortar and e-commerce, as locations connect the company to a community. The Vitamin Shoppe is a trusted specialty retailer and wellness lifestyle brand that allows customers to help them become their best selves through a wide variety of proprietary and national brands of nutritional solutions and natural beauty aids. 0 endobj 6 0 obj The Vitamin Shoppe is a trusted specialty retailer and wellness lifestyle brand that allows customers to help them become their best selves through a wide variety of proprietary and national brands of nutritional solutions and natural beauty aids. Franchise Group withdraws $650M debt offering: Do: Franchise Group, Inc. (FRG) CEO Brian Kahn on Q3 2020 Results - Earnings Call Transcript: 04.11. Franchise Group, Inc. /Rect [40 198.675 152.275 209.675] �ZoC�4���b���VvV ��Q[�������E sI�V=!��긂W.��np��^O�+ߓ�. %%EOF /Parent 2 0 R Vitamin Shoppe acquired by Franchise Group. /Type /Action Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including the Company’s expectations regarding the accretive effect of the prepayment on earnings and its ability to repay or prepay additional debt in the future. 0000001940 00000 n /Type /Annot Franchise Group, Inc. (NASDAQ: FRG) is an operator of franchised and franchisable businesses and uses its operating expertise to drive cost efficiencies and grow its brands. 12 0 obj /BaseFont /Helvetica-Bold Franchise Group’s business lines include Liberty Tax Service, Buddy’s Home Furnishings, American Freight and The Vitamin Shoppe. 0000001229 00000 n /Subtype /Link /XObject << ~��+�#�:�֯:��w\��l)�bE�t�G������U� Franchise Group’s business lines include Liberty Tax Service, Buddy’s Home Furnishings, American Freight and The Vitamin Shoppe. Announces Second Quarter 2020 Financial Results << Summary. The Vitamin Shoppe®, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is an omni-channel specialty retailer and wellness lifestyle Company with the mission of providing customers with the most trusted products, guidance, and services to help them become their best selves, however they define it. S�V;�^0f`H�m I@� q4O ba�$ ����A��A�f The Vitamin Shoppe is known wide-wide for offering an impressive range of premium nutritional solutions, including but not limited to sports nutrition, minerals, vitamins… /Encoding /WinAnsiEncoding X�]�I�z�����Iu�p%�k�z��#��n-�eu�;�F�p�f�|#��fp��qul_ eu�VTp�g�p���XU;���J�p9:�������b�S�`�n&/�b�/4� p[K#�X ��3��]_�nuV�qp%��)�$ԋ.��~;�pպu6�03�ˑ�\��+���\ZEz�w^޸��/@���}�Wp�Vţ�/���+\b$�MZn���s��8�q�z��׮��w&Z���EW���M���ݤ:�:t\�x��Q��iA�rh� W�qպ��}���=B� /Subtype /Link /Resources << Franchise Group's business lines include Liberty Tax Service, Buddy's Home Furnishings, American Freight and The Vitamin Shoppe. /Type /Page The investment company will change its name from Liberty Tax to the Franchise Group. Finder Location: Finder Investment: Find the best franchises. Franchise Group withdraws $650M debt offering: Do: Franchise Group, Inc. (FRG) CEO Brian Kahn on Q3 2020 Results - Earnings Call Transcript: 04.11. << /Height 71 13 0 obj In August 2020, The Vitamin Shoppe reported it has hired Laura Coffey as Executive Vice-President, Chief Financial Officer. Acquisition of The Vitamin Shoppe by Franchise Group. ;�t�x�;noilս� @��+W�[�OD`Γ��Z�Bм�!�@�W��?���q%�&b�Z\�.,�¬��q��5aNl�0NCΑ ��Ǎlh�Ay�9}8bh2{����3���@�� Franchise Group's business lines include Liberty Tax Service, Buddy's Home Furnishings, American Freight and The Vitamin Shoppe. The Vitamin Shoppe reported $1.11 billion in sales in 2018. About Franchise Group, Inc.Franchise Group, Inc. (NASDAQ: FRG) is an operator of franchised and franchisable businesses and uses its operating expertise to drive cost efficiencies and grow its brands. On a combined basis, Franchise Group currently operates over 4,100 locations predominantly located in the U.S. and Canada that are either Company-run or operated pursuant to franchising agreements. Canopy Growth Corporation , a world-leading diversified cannabis, hemp, and vaporization device company announced today that The Vitamin Shoppe is the first national retailer to carry the full line... | December 13, 2020 Amends Term Loan at the Vitamin Shoppe to Provide for Partial Early Prepayment Since closing the acquisition of The Vitamin Shoppe on December 16, … /URI (https://www.globenewswire.com/NewsRoom/AttachmentNg/abd4284e-ba94-4015-aace-59106c52c4a5) Franchise Group Closes on the Acquisition of The Vitamin Shoppe 12/16/19 VIRGINIA BEACH, Va., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) announced the completion of its previously announced acquisition of Vitamin Shoppe, Inc., an omni-channel, specialty retailer of nutritional products. >> /Type /XObject Acquired Organization: Vitamin Shoppe Vitamin Shoppe is an online and physical retailer for vitamins and supplements. x�c``�f``�gP``�z"�@ Although the Company believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from any projected future results, performance or achievements expressed or implied by such forward-looking statements. On a combined basis, Franchise Group … /Type /Annot /T 33281 /Length 4580 /OpenAction [7 0 R After an initial honeymoon, the company has struggled with falling earnings for years. --Franchise Group, Inc., today announced the completion of its previously announced acquisition of Vitamin Shoppe, Inc., an omni-channel, specialty retailer of nutritional products. Martha Stewart CBD Arrives at The Vitamin Shoppe Just in Time for the Holidays Dec 8, 2020 Franchise Group, Inc. >> /Border [0 0 0] /Subtype /Type1 0000024303 00000 n INVESTOR RELATIONS CONTACT:Andrew F. KaminskyEVP & Chief Administrative OfficerFranchise Group, Inc.akaminsky@franchisegrp.com(914) 939-5161. The Vitamin Shoppe – offers nutritional supplements in every 785 stores across the U.S., as well as online. /Rect [41 125.675 155.5 163.175] /ID [<6DF340525243DEE0A03684D90868987A> In the first quarter, The Vitamin Shoppe outperformed our expectations due … /S /URI My Account. 7 0 obj /Rect [365 306.175 416.1 317.175] /Type /Group The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or its business or operations. /A << The Martha Stewart CBD products are developed by television show host and entrepreneur Martha Stewart in collaboration with Canopy Growth and Marquee Brands. trailer On a combined basis, Franchise Group … /CS /DeviceRGB Additionally, Kastin offered color surrounding the company’s in-process sale to Franchise Group Inc., which was announced in August. Get New Franchises. As a junior company of Franchise Group Inc, Vitamin Shoppe is a widely reputed omnichannel specialized wellness lifestyle company that commits to providing top-notch wellness-related guidance, services, and products. Brian Kahn, CEO of Franchise Group, stated, “We have previously stated that we expected to reduce the outstanding balance of Vitamin Shoppe’s Acquisition Loan to no more than $28 million by year end. /Type /Catalog << The Vitamin Shoppe, a subsidiary of Franchise Group Inc., is the first national retailer to carry the full line of Martha Stewart CBD wellness products. << /Fit] 0000002557 00000 n /H /N /S /Transparency In August 2019, Franchise Group, Inc announced the pending acquisition of The Vitamin Shoppe. endobj 5 0 obj The most common vitamin store franchises, such as a GNC store or Discount Sports Nutrition store, typically requires an initial investment of $25,000 to $40,000 for the franchise fee, with a total investment of anywhere from $100,000 to $300,000 to set up the store. << The Vitamin Shoppe reported $1.11 billion in sales in 2018. March 2016 VitaPath from January 2013 until March 2016 Franchising.com or franchise group vitamin shoppe Media. 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