Franchise Group, the owner of brands including the Vitamin Shoppe, Buddy’s Home Furnishings and Pet Supplies Plus, filed for bankruptcy protection after months of losses and turmoil surrounding its backer B. Riley Financial Inc.

Franchise Group Inc. — the owner of The Vitamin Shoppe, Buddy’s Home Furnishings, American Freight, Pet Supplies Plus and Wag N’ Wash — on Sunday filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for Delaware, listing almost $2 billion in debt, according to the court filing.

Lenders are vying to take control of 100 percent of the company in a debt-for-equity swap that would clean up the balance sheet.