B. Riley Financial Secures $236 Million in Cash Proceeds from Brands Assets

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it and its subsidiary bebe stores, inc. ("bebe") have completed a transaction for their brand assets yielding approximately $236 million in cash proceeds to B. Riley. At the closing of the transaction, B. Riley transferred and contributed its interests in the assets and intellectual property related to the licenses of several brands, incl ...