Moscow says Turkish airstrikes in Iraq, Syria escalate already tense situationRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
Russian envoy says enacting nuke ban treaty will lay basis for stable strategic tiesRussian Politics & Diplomacy April 26, 18:13
Tokyo to draw up cooperation plans for South Kurils and heed locals’ opinionsBusiness & Economy April 26, 17:37
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