By  on January 26, 2012

Accessory Network Group is seeking a buyer for all or part of its business after Wells Fargo pulled the plug on its credit facility earlier this month, according to reports in the market.

Financial and market sources told WWD that ANG has sold its cold-weather accessories business to another New York-based accessories firm, Wiesner Products, and is negotiating with Wiesner about a sale of the rest of the business. There are believed to be other bidders for the assets of the company, which generated sales of about $150 million in 2011, according to market sources.

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