The Latest Breaking News from Franchise Group Inc

Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making.

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Franchise Group Inc (NASDAQ:FRG) Board of Directors has approved a stock repurchase program of up to $500 million of its shares over the next three years. The actual timing, number, and value of shares, if any, repurchased under the program will be determined by management at its discretion. The company held cash and equivalents…

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

Franchise Group Inc's (NASDAQ:FRG) subsidiary, The Vitamin Shoppe, has partnered with the cloud-based digital commerce platform, Logicbroker. The partnership will expand Vitamin Shoppe's digital merchandising capabilities and provide expanded product assortments to its online customers. The nutritional supplements retailer will launch on the Logicbroker platform this month. Drop ship suppliers can leverage Logicbroker's fast…