After roughly two years dealing with the implosion of Franchise Group and its fallout, as well as personal struggles for its founder, B. Riley is still standing.
B. Riley Financial Inc. is still standing.
It’s a remarkable statement, given what the brokerage and investment firm led by Chairman Bryant Riley has been through: More than $1 billion of losses over the past three years, the bankruptcy of its key investment, a plunging stock price and an ongoing investigation by US regulators.
He’s had to sell off prized pieces of his firm to cut debt while some of his top-producing brokers departed and counterparties balked at doing business. The company is so far behind on…
