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B Riley Financial ( (RILY) ) has provided an update.
B. Riley Financial and bebe stores have successfully executed a transaction generating approximately $236 million from their brand assets, with plans to use the proceeds to reduce debt and strengthen their financial position. This move is seen as a strategic shift from asset monetization to focusing on growth within core financial services. B. Riley’s Chairman expressed optimism about future opportunities in small- and mid-cap markets, highlighting the company’s readiness to seize these chances.
See more insights into RILY stock on TipRanks’ Stock Analysis page.