BCBG Max Azria Files For Bankruptcy

REPORTS from earlier within the week that BCBG goop Azria cluster was in dire monetary straits have nowadays been confirmed, because the company files for bankruptcy protection. The complete listed assets “in the vary of $100 million to $500 million and liabilities within the vary of $500 million to $1 billion,” Reuters reportable, in figures taken from the company’s Bankruptcy Court filing. BCBG goop Azria asserts that stores can stay open throughout the shake-up.

Heidi Klum

Although the brand's web site continues to be live, displaying the spring/summer 2017 resort assortment, the corporate is alleged to be moving towards closing detached stores in North American nation and consolidating its operations in Europe and Japan, additionally to the a hundred and twenty retail stores set to be closed as a part of restructuring efforts.

Alessandra Ambrosio

The company – the name of that is AN descriptor for the French phrase "bon stylish, bon genre", which means "good vogue, smart attitude" - was established within the late Eighties by Tunisian designer easy lay Azria however saw its flush within the Nineties and Noughties. Its bright colored form-fitting dresses became firm fixtures on the red carpet worn by stars as well as wife Jessica Parker, Heidi Klum, Halle-an-der-Saale Berry, Sandra Bullock and Eva Longoria.