B. Riley Financial won multiple awards at the 13th Annual Turnaround Atlas Awards, hosted by Global M&A Network on June 24 and June 25. In addition, Alicia Masse of B. Riley Advisory Services was named one of Global M&A Network’s Top USA Women Dealmakers of the Year.
RCS Real Estate Advisors helped facilitate the agreement reached between Premium Brands and Lane Bryant and Simon Property Group to keep all Ann Taylor, LOFT and Lane Bryant stores located at Simon properties open.
A U.S. Bankruptcy Court approved JCPenney’s asset purchase agreement with Brookfield Asset Management, Simon Property Group and the company’s DIP and first lien lenders.
J.C. Penney Company filed a draft asset purchase agreement, which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend to utilize the ongoing mediation process to achieve that goal.