AMERICAS DISTRESS DAILY: Franchise Group to Sell Vitamin Shoppe

Franchise Grouphas agred to sell the Vitamin Shoppe chain for $193.5 million, in a deal that requires US Bankruptcy Judge Laurie Silverstein’s approval.

• The sale, which names affiliates of Los Angeles-based private equity firm Kingswood Capital as equity investors, would cover a small portion of nearly $2 billion of debt

In Other News:

• Heritage Grocers has hired AlixPartners to advise on operational initiatives as the Hispanic-focused grocer seeks to improve its financial performance in the wake of a 2023 acquisition.
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