In line with the report, Kahn has been a “longstanding consumer” of B. Riley, and the financial institution had helped him lead a “administration buyout of Franchise Group, or FRG, a retail firm primarily based in Delaware, Ohio.” Moreover, Nomura, a serious Japanese monetary group, had “led a $600 million lending syndicate for B. Riley to assist finance Kahn’s takeover,” the report stated, citing mortgage paperwork.
