Jeffrey Horowitz founded The Vitamin Shoppe in 1977. In 2002, Vitamin Shoppe Industries was sold to an affiliate of
Bear Stearns Merchant Banking, a
private equity unit of
Bear Stearns, for approximately $310 million. It made $751.5 million in net sales in fiscal 2010 and had a market capitalization of over $1 billion. Since attaining its peak in February 2013, the stock has lost more than 90% of its value as of August 2017. In August 2020, one year after
Franchise Group, Inc. (FGI) announced the purchase of the company, The Vitamin Shoppe (TVS) reported it has hired Laura Coffey as Executive Vice-president, Chief Financial Officer. On November 2, 2024, FGI announced that they were preparing to file for
Chapter 11 bankruptcy after months of losses and turmoil caused by its owner,
B. Riley Financial.
HPS Investment Partners, a private equity firm, amongst other lenders, will take over the company once the restructuring is completed. The next day, Franchise Group and all of its subsidiaries filed for Chapter 11 bankruptcy protection in Delaware, intending to keep The Vitamin Shoppe open during the procedure. In April 2025, FGI announced the sale of The Vitamin Shoppe to Kingswood Capital Management and Performance Investment Partners for $193.5 million; the deal was finalized on May 15. ==Products==