Item 7.01. Regulation FD Disclosure.

On January 25, 2021, Franchise Group, Inc. (the "Company") issued a press release announcing its acquisition of Pet Supplies Plus, a leading omnichannel retail chain and franchisor of pet supplies and services, in an all cash transaction valued at approximately $700 million from an affiliate of Sentinel Capital Partners (the "Acquisition"). The Company has obtained commitments from lenders to provide $1.3 billion of debt financing to refinance the Company's existing term loan and provide financing for the Acquisition (the "Financing"). A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

In addition, the Company will conduct a conference call and simultaneous presentation to investors at 8:45 a.m. EST on January 25, 2021 to discuss the Acquisition and the Financing. A copy of the investor presentation is attached hereto as Exhibit 99.2.

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, is being furnished to the Securities and Exchange Commission (the "SEC") pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company's filings with the SEC under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.                                   Description

  99.1          Press Release, dated January 25, 2021.

  99.2          Investor Presentation, dated January 25, 2021.

104           Cover Page Interactive Data File (embedded within the Inline XBRL document).

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