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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