American Freight to close all stores nationwide; 4 in bi-state area [Yahoo! Finance]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
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Source: Yahoo! Finance
Earlier this week, American Freight's parent company, Franchise Group Inc. (FRG), filed for Chapter 11 bankruptcy following months of losses caused by FRG's owner, B. Riley Financial. In a statement , FRG said it had entered into a restructuring support agreement with a private equity firm and other lenders to keep the company and its subsidiaries afloat. Those subsidiaries—Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings—will remain open during the bankruptcy proceedings. American Freight was put on the chopping block. 2 deaths reported in south St. Louis County flooding FRG said American Freight struggled financially due to “sustained inflation and macroeconomic challenges facing the durable goods sector.” There are approximately 370 American Freight locations in 40 states across the country. Store closing sales began on Tuesday, Nov. 5. It's unclear when each store will close for good. The four American Freight stores in the St. Louis area are located
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RILY
Sec Filings
- 11/4/24 - Form 8-K
- 10/31/24 - Form 8-K
- 10/30/24 - Form 8-K
- RILY's page on the SEC website