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The Latest Breaking News from Franchise Group Inc

3 Steady Stocks to Help You Ride Out This Market Storm

Despite concerns over aggressive policy tightening to combat high inflation and a potential recession, an unexpected resiliency in consumer spending, a healing job market, and a better-than-expected corporate season are driving positive sentiment in the market. However, since the market volatility is not expected to lessen anytime soon, stable dividend-paying…

Kohl's Scraps Talks for Sale to Franchise Group

Kohl's Scraps Talks for Sale to Franchise Group

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.

Why Kohl's Shares Are Plunging Today

Why Kohl's Shares Are Plunging Today

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…

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Franchise Group Completes Sale Of Badcock Distribution Centers

Franchise Group Inc (NASDAQ:FRG) has completed the sale-leaseback of three W.S. Badcock Corporation distribution centers for about $150 million to affiliates of Oak Street Real Estate Capital. Franchise expects to complete the sale-leaseback of the corporate headquarters by Q2 end. CEO Brian Kahn said, "We are pleased to close the sale of the…

Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

Franchise Group Inc (NASDAQ:FRG) is considering taking more than $2 billion in loan from Apollo Global Management, Inc. (NYSE:APO) to acquire Kohl’s Corp (NYSE:KSS), New York Post reported. Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid. The report noted Apollo is considering lending money to fund the buyout at less than three…

Analysis: Kohl's Downhill Road To Seeking A Buyer

The news from earlier this week that Kohl’s Corp. (NYSE: KSS) was in advanced talks to be acquired by Franchise Group Inc. (NASDAQ: FRG) marked the beginning of the end for a financially troubled

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

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Franchise Group Adopts $500M Stock Buyback Program

Franchise Group Adopts $500M Stock Buyback Program

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 Receives $9B Buyout Offer From Franchise Group: Reuters

Kohl's Receives $9B Buyout Offer From Franchise Group: Reuters

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…

Vitamin Shoppe Partners With Logicbroker To Elevate Drop Shipping Capabilities

Vitamin Shoppe Partners With Logicbroker To Elevate Drop Shipping Capabilities

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…

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