BCBG Max Azria Group has hired Blackstone Group to identify possible investors for the fashion house.
Rumblings surfaced before New York Fashion Week that the company was hitting a critical financial juncture again, looking for ways to refinance its debt. An arm of Guggenheim Partners is said to own the majority of BCBG’s debt. Financial sources believe that there are at least two, possibly three, tranches in the debt structure, and the Guggenheim affiliates control each one. The loan amount outstanding is $230 million, according to a report by ratings agency Standard & Poor’s.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)