After filing for Chapter 11 bankruptcy protection and closing 120 stores, apparel retailer BCBG Max Azria had hopes that some bigger company would swoop in and save them from oblivion. Turns out there were actually two companies willing to rescue BCBG. [More]
BCBG Max Azria
BCBG Max Azria Files For Bankruptcy, Admits It’s No Longer Chic
By 3.2.17
The fashion retailer BCBG Max Azria closed 120 stores at the beginning of last month, setting off speculation that it might be about to file for bankruptcy. This speculation was correct: The purveyor of dressy yet affordable clothes filed for Chapter 11 bankruptcy today, seeking to either sell the business or make a deal that would give its junior creditors a stake in the business instead of cash. [More]
BCBG Max Azria Reportedly Prepping For Bankruptcy
By 2.28.17
Earlier this month, BCBG Max Azria Group announced the closure of nearly 120 stores, setting off rumors that it would soon join the growing list of mall tenants filing for bankruptcy. Now comes a report claiming that this filing could happen as soon as next week. [More]
