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.

Franchise Group filed its chapter 11 petition in the U.S. Bankruptcy Court in Wilmington, Del., after going private last year in a management buyout arranged by B. Riley, a Los An

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.