B. Riley Shares Are Moving Lower Monday: What's Going On?
B. Riley Shares Are Moving Lower Monday: What's Going On?
In a memo to staff, co-CEOB. Riley Financial (NASDAQ:RILY) shares are trading lower Monday after the company announced it expects to record a combined impairment of approximately $120 million due to its investments in Franchise Group.
b. riley financial（納斯達克：RILY）股票星期一交易走低，因爲公司宣佈預計因在法國，Franchise Group的投資將記錄大約12000萬美元的合併減記。
What To Know: Franchise Group, a retailer backed by B. Riley, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Sunday, which sent shares of B. Riley tumbling on Monday, according to Reuters.
關鍵信息：Franchise Group是由b. riley支持的零售商，在美國特拉華地區破產法院申請了第11章破產保護，這導致了b. riley的股價在星期一下跌，據路透社報道。
B. Riley also said Monday that it may have to record another $120 million impairment due to its investments and loans tied to Franchise Group. The report indicates that the company previously warned of potential losses for the quarter ending June 30 citing markdowns related to the retailer.
b. riley星期一還表示，由於與Franchise Group相關的投資和貸款，公司可能不得不再次記錄12000萬美元的減值。報告顯示，該公司此前警告稱，截至6月30日季度可能存在與這家零售商相關的減記。
In a memo to staff, co-CEO Bryant Riley said he felt "personally sick" and noted that this was not the outcome the company had envisioned when it backed a management-led takeover of Franchise Group last year.
在致員工的備忘錄中，聯合首席執行官布萊恩特·賴利表示他感到"個人身體不適"，並指出這並非公司在去年支持Franchise Group管理層接管時設想的結局。
"I hate that B. Riley has, for now, been distilled by many outside the firm into a single investment," Riley said on Monday. "There will likely be no equity recovery for all the constituents that participated."
"我討厭b. riley目前被很多公司外部人士簡化爲單一投資，"賴利週一說。"參與者可能不太可能從中獲得任何股權補償。"
Franchise Group was already facing scrutiny from regulators due to financial and operational challenges. In July, B. Riley and its CEO were subpoenaed by the SEC over their involvement with Franchise Group's former CEO, Brian Kahn. However, an internal review cleared B. Riley of any misconduct, per Reuters.
Franchise Group已經面臨監管機構的審查，原因是財務和運營方面的挑戰。在7月，b. riley和其首席執行官因與Franchise Group的前首席執行官布賴恩·卡恩的關係而被美國證券交易委員會傳喚。然而，根據路透社報道，一項內部審查並未發現b. riley有任何不當行爲。
B. Riley's shares have still seen significant declines year-to-date, down about 76% since the start of the year. Reuters reported that B. Riley has sought to strengthen its balance sheet and put an end to stock declines by divesting non-core units.
截至目前，b. riley的股價今年以來仍然出現了顯著下跌，自年初以來下跌約76%。據路透社報道，b. riley力圖強化其資產負債表，通過剝離非核心部門終結股價下跌。
RILY Price Action: B. Riley Financial shares were down 13.7% at $4.92 at the time of writing, according to Benzinga Pro.
RILY股價走勢：截至撰寫時，b. riley financial股價下跌13.7%，爲4.92美元，據彭博專業版。
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譯文內容由第三人軟體翻譯。
