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

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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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