NEW YORK — Bill Blass did it. So did Guess Inc. Now BCBG Max Azria is in the process of doing it.
The “it” refers to a 25-letter structured finance vehicle called asset-backed securitization (ABS). Fashion firms using this format finance loans backed by the income streams associated with their intellectual property, such as brand trademarks. However, the income stream can also come from other sources, such as the minimums guaranteed under licensing or retail franchising agreements, which then serve as collateral for the so-called ABS.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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