The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.
Private equity firm Blackstone has reached an agreement in principle to hand over control of German outdoor brand Jack Wolfskin to a group of its lenders in a debt for equity swap, sources close to the situation said.
Looking to offload Tigerlily, Billabong has turned to Houlihan Lokey to garner buyer interest. Meanwhile, local reports said on Monday that LVMH's L Capital Asia could be interested in the Australian swimwear loot.
American Apparel filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.
American Apparel has resumed talks with at least two potential bidders for U.S. teen clothing retailer, after bankruptcy sale negotiations with brand licensor Authentic Brands Group stalled earlier this week.
American Apparel LLC, the U.S. teen clothing retailer known for its sexually suggestive advertising, has hired investment bank Houlihan Lokey Inc to explore a sale, people familiar with the matter said on Wednesday.