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The corporate, which owns BCBGMAXAZRIA, stated Wednesday it has filed voluntary petitions for reorganization beneath Chapter 11 of the U.S. Bankruptcy Code. The corporate has obtained a commitment of $45 million from loan lenders in new financing and filed its plan of reorganization.

Since promenade season is true across the corner, we want to hear about your prom experiences! What did you put on? Who was your date? Was the dance even any fun? Ship a photo from your prom evening to [email protected] together with a couple of lines about your experience. We'll function them here in a slideshow.

In 2015, there was a restructuring of the company's debt with Guggenheim Companions and associates carrying greater than $324.4 million in BCBG loans but proudly owning eighty % of the apparel firm's common equity while Max Azria and his family maintained a 20 % interest.

Dozens of malls have closed within the final 10 years, and many extra are prone to shutting down as retailers like Macy's, JCPenney, and Sears — often known as anchor stores — shutter tons of of stores to staunch the bleeding from falling gross sales.

The corporate, which licenses and distributes manufacturers such as Juicy Couture, Calvin Klein, and Kate Spade New York, can pay a particular dividend to shareholders of as much as HK$356 million, or 32.5 HK cents per share. Its licence portfolio additionally ranges from Disney characters to movie star manufacturers including footballer David Beckham and singer Jennifer Lopez.