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0.00220410940666557 0.00220410940666557 0.011819351784737 -1.47926805816137E-05 -0.0273812517566309 -0.0480910045709383 -0.0429135663673614 -0.05474771083268
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Troubled B. Riley raises $236 million in sale of apparel, Brookstone brands [Los Angeles Times (CA)]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
such asset sale in a month as it works to pay down debt related to a buyout deal that turned sour. The Westwood-area financial services firm sold its Hurley, Justice and other apparel brands, as well as its interests in women's clothing retailer bebe and personal care company Brookstone, in two separate transactions to a joint venture of Hilco Global and TPG Angelo Gordon, the companies said. Hilco Global is a diversified financial services firm based in Northbrook, Ill. TPG Angelo Gordon is a unit of TPG, an alternative asset manager based in Fort Worth and San Francisco. B. Riley shares were up 19% to $6.70 in morning trading on Nasdaq. Earlier this month, B. Riley sold a majority stake in its Great American appraisal and liquidation business in a nearly $400-million deal that earned the company $203 million in cash and left it with a minority stake valued at roughly $183 million in a new holding company it is forming with Oaktree Capital Management, the Los Angeles global i Show less Read more
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