On the Record · Franchise Group

Franchise Group subsidiaries, as it lists them

The subsidiaries Franchise Group lists in its latest annual report, with the jurisdiction of each, linked to the filing.

Subsidiaries it lists

Subsidiary	Jurisdiction
Franchise Group New Holdco, LLC	DE
Franchise Group Intermediate Holdco, LLC	DE
Franchise Group Intermediate B, LLC	DE
Buddy’s Newco, LLC	DE
Buddy’s Franchising and Licensing, LLC	FL
Franchise Group Intermediate S, LLC	DE
Franchise Group Newco S, LLC	DE
Franchise Group Newco Intermediate AF, LLC	DE
American Freight Outlet Stores, LLC	DE
Outlet Merchandise, LLC	DE
American Freight Franchisor LLC	DE
American Freight Discount Outlet Franchising, LLC	DE
American Freight Group, LLC	DE
American Freight Holdings, LLC	DE
American Freight, LLC	DE
American Freight Management Company, LLC	DE
Franchise Group Intermediate V, LLC	DE
Franchise Group Newco V, LLC	DE
Valor Acquisition, LLC	DE
Vitamin Shoppe Industries LLC	NY
Vitamin Shoppe Global, LLC	DE
Vitamin Shoppe Mariner, LLC	DE
Vitamin Shoppe Procurement Services LLC	DE
Vitamin Shoppe Franchising LLC	DE
Vitamin Shoppe Florida, LLC	DE
Betancourt Sports Nutrition, LLC	FL
Franchise Group Intermediate L, LLC	DE
Franchise Group Intermediate L 1, LLC	DE
Franchise Group Intermediate L 2, LLC	DE
Franchise Group Intermediate PSP, LLC	DE
Franchise Group Newco PSP, LLC	DE
PSP Midco, LLC	DE
PSP Group, LLC	DE
Pet Supplies "Plus", LLC	DE
PSP Service Newco, LLC	DE
PSP Stores, LLC	OH
PSP Subco, LLC	DE
PSP Franchising, LLC	DE
PSP Distribution, LLC	DE
Franchise Group Intermediate BHF LLC	DE
Franchise Group Newco BHF, LLC	DE
W.S. Badcock Corporation	FL
Franchise Group Intermediate SL, LLC	DE
Franchise Group Newco SL, LLC	DE
Educate, Inc.	DE
Educate Operating Company, LLC	DE
Sylvan Learning, LLC	DE
Learning Partnerships, LLC	DE
Educate Product Development, LLC	DE
Sylvan School Solutions, LLC	DE
Learning System of the Future, LLC	DE
Sylvan In-Home, LLC	DE
Educate Corporate Centers Holdings, LLC	DE
Internet Strategy Group, LLC	DE
Educate Digital, LLC	DE
Sylvan Learning Centers, LLC	DE
Omega Learning Centers, LLC	DE
Maryland Learning Centers, LLC	DE
Massachusetts Learning Centers, LLC	DE

From Exhibit 21 of the 10-K for 2022. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.

Read from Franchise Group’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.