9 August 2019 - Deborah Wilkes
US-based specialty retailer Vitamin Shoppe is set to be acquired by Liberty Tax – the parent company of Liberty Tax Service and Buddy's Home Furnishings – in an all-cash transaction worth around USD208 million.
Vitamin Shoppe reported sales down by 7.6% to USD271 million in the three months ended 29 June 2019. The company recorded a net loss from continuing operations of USD3.57 million, compared with a net income from continuing operations of USD5.28 million in the same period a year earlier.
The retailer operates more than 750 company-operated retail stores under The Vitamin Shoppe and Super Supplements retail banners in the US and Puerto Rico, as well as the www.vitaminshoppe.com website. It also has a very small international business.
Vitamin Shoppe sells a broad range of vitamins, minerals and supplements (VMS), herbs, sports-nutrition ranges, homeopathic remedies, green living products and beauty aids. In addition to around 700 national brand products, it offers products exclusively under The Vitamin Shoppe, BodyTech, Next Step, plnt, ProBioCare and True Athlete brands.
The transaction is expected to be completed in the fourth quarter of 2019.