Emerges from Chapter 11 Process as a Streamlined Business focused on Pet Supplies Plus with a Capital Structure Designed to Support Growth

VIRGINIA BEACH, Va. , June 6, 2025 /PRNewswire/ -- Franchise Group, Inc. (together, with its direct and indirect subsidiaries, collectively, the "Company") today announced that it has successfully completed its financial restructuring process and emerged from Chapter 11 as a streamlined company with a significantly deleveraged capital structure and enhanced liquidity.

The Company's Plan of Reorganization was confirmed by the U.S. Bankruptcy Court for the District of Delaware on June 2, 2025 with the support of its key stakeholders, including secured and unsecured creditors and key business partners.

Over the past seven months, the restructuring proce

See Full Page