Shocking Turn of Events: B. Riley-Backed FRG Dispenses Millions in Bonuses Before Downfall

Shocking Turn of Events: B. Riley-Backed FRG Dispenses Millions in Bonuses Before Downfall
2 months ago

In a startling development, Franchise Group Inc. (FRG), a company backed by investment firm B. Riley Financial, has been revealed to have paid out millions in bonuses just days prior to its catastrophic financial collapse. This unexpected move has raised eyebrows and incited significant concern among investors and stakeholders, who are questioning the decision-making processes within the company.

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B. Riley Chairman Stricken with Personal Disappointment as FRG Enters Bankruptcy

B. Riley Chairman Stricken with Personal Disappointment as FRG Enters Bankruptcy
2 months ago

In a recent turn of events within the financial world, B. Riley Financial Chairman, Bryant Riley, has expressed profound disappointment as Franchise Group Inc. (FRG) filed for Chapter 11 bankruptcy. The retailer, which operates various brands under its umbrella, including The Vitamin Shoppe, filed for bankruptcy on November 3, 2024, citing significant financial challenges exacerbated by unfavorable market conditions and increased competition.

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