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Global Brands Group USA Bankruptcy: Kenneth Cole, ABG and JLo Holding the Bag

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

The North American arm of apparel manufacturing powerhouse Global Brands Group Holding Ltd (GBG) is now under bankruptcy court protection. Court papers estimate $150 million in unpaid trade and ordinary course obligations. Top unsecured trade creditors who are owed royalties include Kenneth Cole Productions Inc. at $6 million and Authentic Brands Group at nearly $3.6 million…

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