Reported about 2 months ago
Bryant Riley, chairman of B. Riley Financial, expressed deep personal distress following the bankruptcy of Franchise Group Inc. (FRG), which came after a $2.8 billion buyout arranged by his firm a year earlier. The Chapter 11 filing has wiped out shareholders and resulted in a significant financial blow to B. Riley, which saw its shares drop by 12%. Despite the setback, Riley remains optimistic about the firm's recovery and future growth.
Source: YAHOO