Vitamin World, Inc., along with eight of its affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-11933). In the Petition, Vitamin World reports $50 million to $100 million in assets and $10 million to $50 million in liabilities. According to the First Day Declaration, the Debtors’ filings were precipitated by difficulties in transitioning their supply chain and distribution system, and the Debtors have filed with the intent to pursue a balance sheet restructuring and to shed burdensome leases and underperforming retail locations. The Debtors enter Chapter 11 with a proposed DIP Facility provided by their Prepetition Lenders. JND Corporate Restructuring is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin J. Carey.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.