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Bloomberg
Lucky Brand Dungarees and affiliates, known for jeans and other apparel, filed for bankruptcy in Delaware after the coronavirus pandemic scuttled restructuring efforts.
The closely-held company has entered into an asset purchase agreement with SPARC Group, which operates brands including Aéropostale and Nautica, for the sale of “substantially all†of its operating assets, according to a company statement.
ABG-Lucky, a newly-formed unit of Authentic Brands, a brand manager that bought Barneys New York out of bankruptcy, will acquire Lucky Brand’s intellectual property.