Franchise Group, Inc. Closes on the Acquisition of The Vitamin Shoppe
Franchise Group, Inc. (FRG)
Company Research
Source: GlobeNewswire
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. This transaction is a key part of the strategic transformation of Franchise Group and its diversification of its business and operations. 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. Andrew Laurence, the Company’s Executive Vice President and Chairman of Franchise Group’s Board of Directors, said, “We welcome The Vitamin Shoppe management team and its Health Enthusiasts to Franchise Group. We believe The Vitamin Shoppe people, culture and business will be a great addition to o
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