Despite a recent debt restructure, BCBG Max Azria Group is making a play for future growth. The company announced Monday it has received a $135 million cash infusion from investors.
Founded by Max Azria in 1989, Azria remains chief executive officer of BCBG Max Azria Group. His wife, Lubov Azria, remains chief creative officer. They retain an ownership position within the company, alongside the company’s investors, including affiliates and clients of Guggenheim Partners.
“We are very excited about our brands, business and our future prospects,” Max Azria said. “We are gratified that investors have given this vote of confidence to our business and our strategic plans.”