HMX Group’s bankruptcy-court auction today is expected to be primarily between two bidders, with “stalking horse” Authentic Brands Group facing off against Bluestar Alliance and its backer, The Carlyle Group.
While the team of Bluestar and Carlyle was initially believed to be interested in putting in a bid that includes a liquidation of the HMX factories, industry sources said the team now “believes it needs to keep manufacturing in the U.S.”
One financial source said Carlyle has operators it could pull in to run the business, and therefore doesn’t need to keep the current management team headed by chief executive officer Doug Williams or the proposed financing partner in Authentic Brands’ stalking-horse bid, Salus Capital Partners.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)