BCBG Max Azria Group, LLC (“BCBG” or the “Company”) is pleased to announce that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s comprehensive restructuring plan which contemplates the sale of substantially all the assets of the Company and certain of its affiliates to Marquee Brands LLC and Global Brands Group Holding Limited.
The transactions with Marquee and Global Brands are expected to be completed shortly and are anticipated to close on or before July 31, 2017.
“BCBG has accomplished its goal to remain a viable, creative and strong brand through the sale transactions with Marquee and Global Brands,” said Marty Staff, Acting Interim Chief Executive Officer of BCBG Max Azria Group LLC. "I would like to thank the BCBG team and all parties involved for their hard work. While there is no question that this has been a difficult process, we can all be appreciative of the significant efforts made by so many stakeholders to agree to a path forward for BCBG and its employees.”