Franchise Group

Summary
Franchise Group, Inc. owns and operates franchised and franchisable businesses. It operates through six segments: Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's, and Sylvan. The Vitamin Shoppe segment operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products under the BodyTech, True Athlete, plnt, The Vitamin Shoppe, ProBioCare, Fitfactor Weight Management System, and Vthrive The Vitamin Shoppe brands. The Pet Supplies Plus segment operates as an omnichannel retail chain and franchisor of pet supplies and services that includes premium brands, proprietary private labels, and specialty products, as well as offers grooming, pet wash, and other services. The Badcock segment operates as a specialty retailer of furniture, appliances, bedding, electronics, home office equipment, accessories, and seasonal items in a showroom format; and offers multiple and flexible payment solutions and credit options through its consumer financing services. The American Freight segment operates a retail chain the provides in-store and online access to furniture, mattresses, new and out-of-box home appliances, and home accessories; and serves as a liquidation channel for appliance vendors. The Buddy's segment operates as a specialty retailer of consumer electronic, residential furniture, appliances, and household accessories through rent-to-own agreements. The Sylvan segment establishes and grows as a franchisor of supplemental education for Pre-K-12 students and families in the United States and Canada. The company was formerly known as Liberty Tax, Inc., and changed its name to Franchise Group, Inc. in September 2019. Franchise Group, Inc. was incorporated in 2010 and is headquartered in Delaware, Ohio.

History

The Franchise Group was founded in 2019 through the merger of Liberty Tax and Buddy's Home Furnishings. It originally operated under the name Liberty Tax but changed its name to the Franchise Group, leaving Liberty Tax and Buddy's Home Furnishings as subsidiaries.It began expanding in 2019 with the acquisition of The Vitamin Shoppe and Sears Outlet. The Franchise Group purchased American Freight for $450 million in cash in 2020. After the acquisition, the company merged Sears Outlet into American Freight.In 2021, the Franchise Group sold Liberty Tax to NextPoint Financial for $249 million. The same year, it purchased Pet Supplies Plus in a deal valued at $700 million, Sylvan Learning for $81 million, and Badcock Home Furniture for $580 million.


Mission
Franchise Group’s mission is to create long-term shareholder value through strategic and disciplined acquisitions, brand partnerships and organic growth.

Vision
Franchise Group’s vision is to be the premier franchisor and business solutions provider in the industries we serve.

Key Team

Mr. Scott Thomas Terrell (Chief Information Officer)

Mr. Andrew M. Laurence (Exec. VP)

Ms. Martha O'Gorman (Chief Marketing Officer)

Mr. Kenneth Todd Evans (Exec. VP & Chief Franchising Officer)

Ms. Kathleen Curry (Corp. Sec.)

Mr. Ryan Dodson CPA (Chief Strategy Officer)

Mr. Lee A. Wright (Exec. VP & Chief Commercial Officer)


Recognition and Awards
Franchise Group has been recognized by Forbes, Newsweek and Inc. Magazine for its commitment to entrepreneurs. The company has also been recognized for its innovation in analytics, M&A and technology.

References
Franchise Group
Leadership team

Mr. Andrew F. Kaminsky (Exec. VP & Chief Admin. Officer)

Mr. Brian R. Kahn CFA (Pres, CEO & Director)

Mr. Eric F. Seeton (Chief Financial Officer)

Products/ Services
Accounting, Financial Services, Legal
Number of Employees
1,000 - 20,000
Headquarters
Virginia Beach, Virginia, United States
Established
1997
Company Registration
SEC CIK number: 0001528930
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FRG
Social Media
Sat Feb 24 2024
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