PARIS — BCBG Max Azria France has entered into a judicial winding-up period after the decision was handed down on Monday by the commercial court of Romans-sur-Isère, France.The French branch of the U.S. fashion brand has until Oct. 31 to close down its operations, according to Stéphanie Vénitien, secretary of the company’s works council, who represents employees of the French subsidiary. Altogether, that counts 138 workers and 11 boutiques.The closure of the operations headquartered in Mercurol, France, also automatically causes the shuttering of the group’s other operations throughout Europe, including in Switzerland, Germany, Morocco and Portugal, representing about 250 employees, Vénitien said.BCBG Max Azria France was placed in the equivalent of Chapter 11 on March 8. None of the subsequent takeover bids was successful.In the U.S., parent company BCBG Max Azria Group LLC filed for bankruptcy protection on Feb. 28 following the group's previously announced plans to restructure with store closings and a renewed focus on digital, as reported.The company had arranged $45 million in debtor-in-possession financing. BCBG listed assets of between $100 million to $500 million and liabilities of between $500 million to $1 billion in its bankruptcy petition, filed in New York bankruptcy court for the Southern District.Afterward, Marquee Brands and Global Brands Group jointly made an offer for both the intellectual property and some of the operations of BCBG that would keep intact a portion of the company’s store fleet, while continuing an aggressive push to right the business through licensing and wholesale deals.The transaction — involving Global Brands Group paying $23 million in cash for inventory contract and stores, and Marquee offering $106 million in cash for its intellectual property — closed on July 31.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion