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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)