Segro

Segro Acquires Tritax Assets Following Brookfield Takeover for $470 Million

1 month ago

In a strategic move to expand its portfolio, Segro, a prominent UK-based real estate investment trust, has announced its intention to purchase a substantial chunk of Tritax Big Box REIT's assets in a deal valued at approximately $470 million. This acquisition comes in the wake of Brookfield Asset Management's hostile takeover of Tritax, signaling a potential shift in the landscape of the logistical real estate market.

Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring

2 months ago

In a significant development for the retail sector, Franchise Group has received court approval to borrow $250 million as part of its bankruptcy plan aimed at restructuring debt and stabilizing its operations. This financing, sanctioned under Chapter 11 bankruptcy protection, marks a crucial step for the company, which has been grappling with financial challenges for some time.

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.