Franchise Group Updates Status of Kohl’s Negotiations

Franchise Group, Inc.

Franchise Team, Inc.

DELAWARE, Ohio, July 01, 2022 (Globe NEWSWIRE) — Franchise Team, Inc. (NASDAQ: FRG) (“Franchise Group”) today introduced that its negotiations to obtain Kohl’s Company (“Kohl’s”) have terminated.  Franchise Group appreciates the time and awareness afforded to it by Kohl’s administration and advisors, as well as the belief and support it acquired from its funding partners in connection with the possible transaction. Franchise Team remains dedicated to analyzing interior and external possibilities that it thinks will enrich shareholder value.

About Franchise Team, Inc.

Franchise Group is an owner and operator of franchised and franchisable firms that constantly appears to be like to grow its portfolio of brand names although making use of its working and capital allocation philosophy to deliver strong cash move for its shareholders. Franchise Group’s company strains include Pet Provides Furthermore, American Freight, The Vitamin Shoppe, Badcock Household Home furnishings & more, Buddy’s Dwelling Furnishings and Sylvan Learning. On a put together basis, Franchise Group currently operates above 3,000 areas predominantly found in the U.S. that are possibly Business-operate or operated pursuant to franchising and dealer agreements.

Ahead-Seeking Statements

This press launch includes ahead-seeking statements within just the which means of the Non-public Securities Litigation Reform Act of 1995. Ahead-hunting statements involve, without the need of limitation, projections, predictions, anticipations, or beliefs about long run occasions or effects and are not statements of historical truth. These kinds of statements involve all statements in this push launch relating to the prospective acquisition of Kohl’s Corporation and any long term chances like acquisitions that may be pursued by Franchise Team which include the capacity to greatly enhance shareholder value as a end result thereof. These types of ahead-on the lookout statements are based mostly on many assumptions as of the time they are designed, and are inherently subject to recognised and unknown challenges, uncertainties and other elements that may perhaps induce true outcomes, overall performance or achievements to be materially different from any upcoming results, functionality or achievements expressed or implied by this sort of forward-seeking statements. Ahead-seeking statements are often accompanied by terms that convey projected long run functions or outcomes this kind of as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “potential,” or phrases of equivalent indicating or other statements regarding viewpoints or judgment of the Firm or its management about long term gatherings. While the Company believes that its anticipations with respect to ahead-on the lookout statements are primarily based on affordable assumptions inside of the bounds of its existing expertise of its enterprise and operations, there can be no assurance that precise benefits, general performance, or achievements of the Corporation will not differ materially from any projected long term benefits, efficiency or achievements expressed or implied by such ahead-searching statements. Actual future outcomes, overall performance or achievements may possibly vary materially from historical final results or those anticipated dependent on a range of aspects, quite a few of which are further than the control of the Enterprise. We refer you to the “Risk Factors” and “Management’s Dialogue and Evaluation of Money Problem and Results of Operations” sections of the Company’s Annual Report on Form 10-K for the period ended December 25, 2021, and equivalent sections of the Company’s Quarterly Reviews on Form 10-Q and other filings, which have been submitted with the SEC and are accessible on the SEC’s internet site at All of the forward-seeking statements made in this press launch are expressly qualified by the cautionary statements contained or referred to herein. Visitors are cautioned not to count on the ahead-wanting statements contained in this press release. Forward-seeking statements discuss only as of the day they are built and the Firm does not undertake any obligation to update, revise or clarify these forward-looking statements, whether or not as a consequence of new information and facts, potential events or if not.

Trader RELATIONS Get hold of:

Andrew F. Kaminsky
EVP & Main Administrative Officer
Franchise Team, Inc.
[email protected]
(914) 939-5161