Corporate and M&A

​GBG USA files for bankruptcy

2021-07-30T08:27:00

Global Brands Group’s U.S. subsidiary, GBG USA Inc., and 10 related businesses have filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, citing assets and liabilities ranging from $1 billion to $10 billion. The group’s global brand management and European wholesale businesses ...

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