Tuesday, June 6, 2017

Consortium makes ‘stalking horse’ bid for upscale fashion retailer

BCBG Max Azria Group LLC is getting a shot at keeping its brand alive.
A consortium lead by brand licensor Marquee Brands LLC is preparing a stalking horse bid for BCBG Max Azria Group LLC. If successful, this move would allow the U.S. fashion house to exit bankruptcy, according to Reuters. According to sources in the report, Marquee has partnered with Global Brands Group Holding Limited, a spin-off of global exporter Li & Fung Ltd., which already has a licensing agreement for some of BCBG's brands. Liquidators Hilco Global and Gordon Brothers are also members of the consortium.. . . more

No comments: