Franchise Group news and archive

Kohl’s concludes strategic review process with no sale

US retail chain Kohl’s Corporation has announced that it has closed its strategic review process with Franchise Group (FRG), ultimately deciding to not go ahead with an agreement. It follows an exclusive negotiation period with the group, through which Kohl’s chair of the board, Peter Boneparth, said that “the current financing and retail...

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Kohl’s enters into acquisition negotiations with Franchise Group

US department store chain Kohl’s Corporation has announced that it will be entering into exclusive negotiations with Franchise Group, Inc. (FRG) following a number of final proposals in its sales process. Over a three week period, the retail group will be evaluating the holding company’s proposal to acquire Kohl’s for 60 dollars per share. In a...

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Bebe Stores acquires 47 franchise locations from Franchise Group

Bebe Stores Inc, a global specialty licensor of women’s apparel and accessories, has announced it has acquired 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group for 35 million dollars. Bebe said the deal also grants it the rights “to build additional franchises in protected geographies throughout the Southeastern United...