Us Fashion Group BCBG Has Been Injected $135 Million Into Private Equity Funds.

U.S.A Latest fashion Group BCBG Max Azria Group LLC recently announced that its main creditor, global Financial Services Company Guggenheim Partners LLC and its Affiliated Companies inject cash of $135 million, so as to restructure debt and strengthen financial and capital structure.

　　 BCBG Max Azria Group LLC declined to disclose whether Guggenheim Partners LLC shares this stake and whether it has become a controlling shareholder. The Group founder and designer Max Azria and his wife, Lubov Azria, retain the ownership of meaningful and will continue to serve as CEO and chief creative officer respectively.

BCBG Max Azria Group LLC was in debt crisis in 2013, when it was $685 million. debt The 475 million US dollars belong to Guggenheim Partners LLC. Earlier, the reporter reported that the group had already been negotiating to sell a majority stake to Guggenheim Partners LLC.

The 66 year old designer, Max Azria, founded the BCBG Max Azira Group LLC in 1989. The group owns BCBGMAXAZRIA, BCBGeneration, Max Azria, and Max, etc. it has more than 1000 sales outlets all over the world in 41 markets. BCBG Max Azira Group is heavily indebted due to poor expansion and slow income growth. In 2005 and 2006, the Group acquired the French brand Manoukian and the American apparel retailer Max Rave, and then ended the Max Rave business because of financial difficulties. Manoukian also failed to bring profits to them.

Standard & Poor's Standard & Poor's data show that the debts of BCBG Max Azira Group 1/3 will expire every three years from 2014. Standard & Poor's Standard & Poor's last year lowered its assessment to the junk level of CCC.

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Missoni M. SONY earned 170 million euros in 2013, and EBITDA profit margin of 12%. It is expected to increase to 14% in 2014. Due to Italy's economic downturn in the past few years, the company's income has been flat. With expansion in 2014, it is expected to account for 4%-5% growth, which is expected to grow by 5%-6% in 2015 and 2016. Missoni, SONY, most of its revenue comes from wholesale business. The company hopes to expand its revenue share from its own stores to increase its profit margin, which is expected to increase to 30%. In addition, the company plans to expand the accessories category with higher gross margin.

If Missoni meters SONY's revenue grew by 5% in 2014, reaching 178 million 500 thousand euros, EBITDA's profit margin increased to 14%, that is, the company's EBITDA last year was about 25 million euros, and its valuation could only reach 250 million euros (10 times EBITDA).

In the wake of the death of Missoni, SONY's "business brain" and family relations mediator Vittorio Missoni and wife Maurizia Castiglioni 2013 in January with the plane's funeral in Venezuela, and the death of Ottavio Ottavio, the founder of SONY Missoni in May of the same year, the sale rumor about the company has never been stopped.

In early 2014, Mayhoola for Investments, a Qatar Investment Agency, was again sold to SONY Missoni after 2012, and a week before the news spread, the company's chief executive, Alberto Piantoni, said that it wanted to maintain the 100% family holdings, neither selling shares nor listing. In addition, Valentino Fashion Group, former chairman of Valentino Matteo Marzotto, conducted a due diligence survey on Missoni m in SONY last year. The company also expressed interest in the Italy auto giant Fiat Luca's former chairman Luca di Montezemolo and son Matteo Tan's investment company.

The difficulty of selling Missoni m SONY lies in the intricate family relationship and the large number of shareholders in the family business. Vittorio Missoni, Luca Missoni and Angela Missoni have many children. One of the most familiar is Margherita Missoni, one of Angela Missoni's daughter. She not only became the brand ambassador, but also designed the accessories and swimsuit series, and was regarded as the successor of Angela Angela.

The former chief executive, Alberto Piantoni, has left after the expiry of the contract last year. The company also lost Diane Levbarg, which has long been the executive vice president of the United States, plus 3 chief financial officers in the past 7 years. A person familiar with the matter said that SONY Missoni has felt a bit disintegrating. At present, Angela Missoni takes on the responsibility of chief executive, while other family members are responsible for the work of chief financial officer.

Missoni M. SONY's current board members include Angela Missoni, Luca Missoni, their mother Rosita Missoni (honorary chairman), Luca Missoni's son Giacomo Missoni and chief financial officer, Missoni.