Franchise Group could be looking at acquiring Party City, Axios reports

Franchise Group, the parent of supplements retailer Vitamin Shoppe and tutoring services provider Sylvan Learning, is seeking acquisitions of brands it can franchise to add to its expanding portfolio, including distressed assets, according to Axios. Party City, if restructured in bankruptcy, could be an attractive target, as it has engaged in franchising, the publication notes. Franchise Group has also looked at candidates in fitness, health and wellness, citing Vitamin Shoppe as an example of a successful acquisition. Reference Link