B. Riley Financial and its retail liquidation affiliate were retained to assist in the restructuring and store rationalization of SALAMANDER in connection with the European shoe retailer’s recent insolvency.
FrontWell Capital Partners closed a $7.4 million secured credit facility with Savor Street Foods (SFF), a Pennsylvania-based food manufacturer producing an array of health-conscious pretzel snacks.
Timothy J. Shilling joined B. Riley Financial as executive vice president of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.
Crescent Capital Group, an alternative credit investment firm, closed its third direct lending fund, Crescent Direct Lending Fund III, raising $6 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund.
B. Riley Financial’s Great American Group, SB360 Capital Partners and Tiger Capital Group are closing store sales at an additional 17 Sur La Table retail locations.
Great American Group, in a joint venture with Tiger Capital Group, will operate the store closing sales at all Payless ShoeSource locations in the United States and Puerto Rico.