Yak Pak, the fashionable backpack brand acquired by Accessory Network Group LLC less than a year ago, is about to hit the auction block as its former parent continues to look for financing.
Wells Fargo Trade Capital Services Inc. is listed as the secured creditor sponsoring the auction, to be held by the remarketing services division of Tiger Group LLC, with bids due by the close of business on March 6. Wells Fargo withdrew financing from ANG early this year and is believed to have taken the Yak Pak trademark as partial settlement of ANG’s debt.
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