B. Riley Financial promoted Perry Mandarino to the newly created position of senior managing director, head of Corporate Finance.
John Calcagnini and Keith M. Sipes have joined B. Riley’s Investment Banking team as managing directors.
Great American Group, a subsidiary of B. Riley Financial, will close all 37 Jones New York factory stores in Canada.
B. Riley Financial has hired Perry Mandarino serve as senior managing director and head of Corporate Restructuring in its newly created Restructuring Solutions team.
B. Riley Financial formed Great American Capital Partners with an anchor investment from Corporate Capital Trust, a business development company advised by CNL Financial Advisors Company and KKR Credit Advisors.
The Wet Seal filed voluntary petitions for relief under Chapter 11 in U.S. Bankruptcy Court for the District of Delaware, and negotiated a DIP and PSA with B. Riley Financial and Great American Group and affiliates.
B. Riley Financial announced an expanded role for Steven H. Reiner to include a newly created position of chief business development officer, Asset Dispositions in its Great American Group subsidiary.