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Store Closing Sales Commence at 118 Select BCBG Max Azria Locations Nationwide as Balance of Company Goes Forward

Mar 06, 2017

Deep discounts offered at all closing locations on the entire collection of women’s designer clothing and accessories as everything must be sold.

Hilco Merchant Resources and Gordon Brothers managing store inventory liquidation.

Northbrook, IL –March 6, 2017–Store closing sales have just begun at select BCBGMAXAZRIA, BCBGENERATION, BCBG FACTORY, and HERVE LEGER locations under the approval of a U.S. Bankruptcy Court. Spectacular reductions of at least 50-70% off original prices are being offered at all closing locations on the entire designer collection, including dresses for every occasion, tops, pants, jackets, sweaters, outerwear, shoes, handbags, jewelry and more. In addition, stores are receiving new shipments from the warehouse, so consumers will be able to take advantage of the tremendous savings on a full selection of merchandise in a wide range of styles and sizes.

Store fixtures, furniture and equipment will be available for sale at the closing locations.

“As part of our effort to realign BCBG, we made the difficult decision to reduce the total number of our retail stores,” said interim Acting Chief Executive Officer Marty Staff. “For our more than 300 continuing retail and partner shops, BCBG is focused on the future by investing in our partner relationships, driving sales in our remaining stores, exploring licensing and wholesale opportunities, and expanding our digital reach.”

The store closing sales are being conducted by a joint venture of Hilco Merchant Resources and Gordon Brothers. A spokesperson for the joint venture said, “BCBG MAX AZRIA has long been renowned for iconic style. Because of the compelling discounts and the highly desirable merchandise, we expect this will be a short sale. Consumers are encouraged to shop early for the best selection.”

About BCBG MAX AZRIA

BCBG Max Azria Group began with a single idea – to create a beautiful dress. Founded in 1989, BCBG was named for the French phrase “bon chic, bon genre,” a Parisian slang meaning "good style, good attitude." The brand embodies a true combination of European sophistication and American spirit. The BCBG Max Azria label is sold online, in freestanding boutiques and partner shops at top department stores across the globe.

 About Hilco Merchant Resources, LLC

 Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives.  Hilco Merchant Resources’ activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  Additionally, HMR now includes among its subsidiaries the nation’s premier fixture and equipment liquidation firm, Hilco Fixture Finders (www.hilcofixturefinders.com), as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com). 

Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.  Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments.  For more information please visit: (www.hilcoglobal.com).

About Gordon Brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across four continents.

Click here to view the list of store closings.