Franchise Group Reaches Agreement with First Lien Lenders to Substantially Reduce Debt, Enhance Liquidity, and Best Position Profitable Operating Businesses for Sustainable Growth

Leading Brands Pet Supplies Plus, The Vitamin Shoppe, and Buddy’s Home Furnishings to Serve Customers as Usual at Locations Nationwide and Online as Part of Strengthened Go-Forward Enterprise Commences Voluntary Chapter 11 Cases to Implement Agreed-Upon Restructuring Plan $250 Million of…