BCBG news and archive

BCBG reaches restructuring agreement

BCBG Max Azria Group has announced that they and their affiliates have reached an agreement on a comprehensive restructuring plan, which contemplates the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited. Consummation of the transactions with Marquee and...

Report

BCBG sells domain of smaller brand Lola for 550,000 dollars

A bankruptcy court has authorised BCBG Max Azria to sell the domain for Lola, it’s smaller, secondary brand, for 550,000 dollars. The transaction for the domain, which does not include the intellectual property, will close for 550,000 dollars in cash. BCBG Group launched Lola as a standalone retail concept in 2011. The aim was to attract young...

Business

BCBG Max Azria gets bankruptcy loan

New York - As reported earlier this week by FashionUnited, BCBG filed for Chapter 11 bankruptcy in an attempt to recover their financial losses. Now, Bloomberg has reported that the company has received a bankruptcy loan as they are plotting their asset sale. The fashion house received court permission to borrow 15 million dollars to help carry...

BusinessFeatured

BCBG Max Azria may be the next retailer to file for Chapter 11 bankruptcy

Following the news of many retailers who have fallen to the competitive retail world, it seems that BCBG Max Azria is next in line. The company recently has already made plans to shutter a massive number of its operating stores. The luxury fashion house has informed mall owners that it plans to close most of its existing stores this year, as...

Retail

BCBG announces store closures in 2017

Last year, many retailers struggled with mall decline and declining retail sales. In 2017, BCBG Max Azria Group has succumbed to these obstacles and has announced store closures for later in the year. The contemporary luxury brand has confirmed that it will close stores as part of a restructuring process. “In order to remain viable, the company...

Fashion Featured

Spotlight on day 1 of NYFW

New York Fashion Week (NYFW) kicked off on Thursday morning, February 12th, 2015. With one of the most watched events on the entire fashion calendar every designer who had the privilege of sending something down the runway would do well to remember that one outfit could make an entire statement for the whole industry. Well, on Monday the...

Business

BCBG Max Azria receives cash infusion from investors

Fashion group BCBG Max Azria has received a 135 million dollar cash infusion from investors as it looks to strengthening its capital structure by restructure its debt and strengthening its balance sheet, to reposition the company for “positioned future growth”. In a short statement, company-founder and designer Max Azria stated that he will...

Fashion

Givenchy and BCBG in court case

French luxury house Givenchy has filed a court case against BCBG Max Azria for allegedly copying design details of its Nightingale handbag.Givenchy claims that its Nightingale Trade Dress “includes without limitation a removable strap, two double seemed handles, a flat bottom and decorative double stitched horizontal and vertical stripes on the...