Kingswood Capital Management and Performance Investment Partners to acquire The Vitamin Shoppe from Franchise Group.

Private equity firms Kingswood Capital Management and Performance Investment Partners, agreed to acquire The Vitamin Shoppe, a company focused on retailing nutritional products, from Franchise Group, a holding company that acquires and manages mainly franchise companies. Financial terms were not disclosed. "We are excited to partner with The Vitamin Shoppe team and help them build upon the success the business has enjoyed over the last forty-eight years. We plan to make significant investments in the company’s third-party brand relationships, research and development across The Vitamin Shoppe’s owned proprietary brand portfolio, upgrades to the store fleet, and improvements to the omni-channel digital platform to deliver the best possible experience to customers. Further, The Vitamin Shoppe is the perfect partner for emerging and growing brands that can benefit from access to over 650 retail doors and The Vitamin Shoppe’s millions of loyalty members at a time in history when it is more important than ever for these brands to demonstrate success and traction in physical retail as well as online,” Michael Niegsch, Kingswood Partner.