BCBG Max Azria

Representation of the creditors’ committee in the chapter 11 cases of national women’s clothing retailer BCBG/Max Azria in the Southern District of New York. During the case, BCBG faced a weak retail and mall environment, poor wholesale and intellectual property licensing strategies, substantial debt, and decreased brand loyalty. The firm devised a fast-tracked, multi-tier plan to prevent the company from being forced to liquidate while securing payment to the creditors. The firm aggressively and creatively structured a process that definitively enhanced the recovery for unsecured creditors. Post-confirmation, the firm represented the plan administrator tasked with implementing the confirmed plan, including liquidating assets and augmenting recoveries for the benefit of holders of general unsecured claims.