Riley, Bryant — B. Riley Financial Inc. | Los Angeles Business Journal

Riley, Bryant — B

Chairman and Co-Chief Executive

B. Riley Financial Inc.

THE LATEST: Riley continues to aggressively expand and diversify the operations of the firm he founded with co-chief executive Tom Kelleher. In 2019, B. Riley positioned itself to further benefit from the rise of ecommerce by acquiring a portfolio of seven prominent retail brands, Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, Nanette Lepore and Hurley. The firm also participated in more than 3,900 store closings and liquidated nearly $3 billion in retail inventory through its Great American Group affiliate last year.

BACKGROUND: Riley has significantly expanded the operations of B. Riley Financial by building, investing in and purchasing assets that complement its core businesses. These consist of B. Riley FBR (its investment banking subsidiary) and Great American Group (a leading provider of retail liquidation, appraisal and valuation services). In 2018, B. Riley acquired bankruptcy and litigation consulting and advisory firm GlassRatner and completed the purchase of magicJack VocalTec, Ltd. under its B. Riley Principal Investments subsidiary.

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