Franchise Group, the owner of brands including the Vitamin Shoppe, Buddy’s Home Furnishings and Pet Supplies Plus, filed for bankruptcy protection after months of losses and turmoil surrounding its backer B. Riley Financial Inc.

Franchise Group Inc. — the owner of The Vitamin Shoppe, Buddy’s Home Furnishings, American Freight, Pet Supplies Plus and Wag N’ Wash — on Sunday filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for Delaware, listing almost $2 billion in debt, according to the court filing.

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.

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

Maybe you haven’t heard of Franchise Group Inc. (FRG), but it owns the Vitamin Shoppe and a couple of other retailers. The company has just declared bankru

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.

Holding company Franchise Group Inc., also known as FRG, is filing for Chapter 11 bankruptcy protection, reports RetailWire.

Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses.

Vitamin Shoppe-owner Franchise Group, backed by investment bank B. Riley Financial, said on Sunday it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.