WOW!!! Check Out These 10 Stores Closing!

3. BCGC Max Azaria
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Fashion retailer BCBG Maz Azria recently filed for Chapter 11 bankruptcy protection, reporting assets in the range of $100 million to $500 million and liabilities ranging from $500 million to $1 billion, according to a press release. With about 570 stores globally, the company plans to have a much smaller retail footprint, though it has not released final totals for store closures (120 closures were announced before the filing, but more may happen). The fashion company does have a commitment for up to $45 million in debtor-in-possession (DIP) financing, which the chain says it will use to remain open during the reorganization process.

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