Former Zenit FC player Kazachenok dies at 64Sport March 27, 1:37
Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
LOS ANGELES, Feb. 9 /PRNewswire/ -- BCBG Max Azria Group, LLC today announced that it has revamped and significantly strengthened its capital structure. The company received a $135 million cash infusion from investors, restructured its debt and strengthened its balance sheet, making BCBG Max Azria Group ideally positioned for future growth.
Company-founder Max Azria remains Chief Executive Officer of BCBG Max Azria Group and his wife, Lubov Azria, remains Chief Creative Officer. They retain a meaningful ownership position within the company, alongside the company's investors, including affiliates and clients of Guggenheim Partners.
"We are very excited about our brands, business and our future prospects," said Mr. Azria, who founded the company in 1989. "We are gratified that investors have given this vote of confidence to our business and our strategic plans."
BCBG Max Azria Group, LLC is one of the worldwide leaders in ready-to-wear, encompassing a portfolio of brands that includes BCBGMAXAZRIA, Herve Leger by Max Azria and BCBGeneration. Brands are present in over 41 countries with more than 1000 points of sale worldwide, showcasing a luxury spectrum of premier women's ready-to-wear and accessories collections. The collections are also sold in specialty boutiques and shop-in-shops within major department stores across the globe, including Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Lord & Taylor, Net-a-Porter and Harvey Nichols.
Sunny Jenkins, BCBG Max Azria Group, LLC
Mike Sitrick, Inquiries for Guggenheim Partners
Tel.: +1 (310) 788-2850
Tel.: +1 (310) 310-9299