Franchise Group, which also runs Pet Supplies Plus and Buddy’s Home Furnishings, will shut down American Freight starting this week.

Riley Financial, has filed for bankruptcy — but plans to keep open most of its retail brands, including Vitamin Shoppe. The retailer filed for ... American Freight operates more than a dozen stores in California, including outlets in Torrance, West ...

The Vitamin Shoppe will continue to trade after a deal brokered by owner FRG as it seeks buyers for its multiple brands amid retail struggles and shuts American Freight.

The restructuring wipes out B. Riley Financial’s investment in the company, which occurred just over a year ago.

Lenders are vying to take control of 100 percent of the company in a debt-for-equity swap that would clean up the balance sheet.

The Vitamin Shoppe owner Franchise Group has filed for Chapter 11 bankruptcy after reporting nearly $2 billion in debt, records show.

The owner of Vitamin Shoppe, Franchise Group Inc., filed for Chapter 11 bankruptcy in Delaware, citing over $1 billion in secured debt. The filing comes a year after the company transitioned to private ownership,

Franchise Group filed its chapter 11 petition in the U.S. Bankruptcy Court in Wilmington, Del., after going private last year in a management buyout arranged by B. Riley, a Los An