BCBG closing St. Johns Town Center store


BCBG Max Azria Group LLC is closing its St. Johns Town Center store.
BCBG Max Azria Group LLC is closing its St. Johns Town Center store.
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Fashion company BCBG Max Azria Group LLC, which has filed for bankruptcy protection, is closing 120 stores at shopping centers around the country, including at St. Johns Town Center.

Store staff Wednesday did not know the date of the last day.

The Los Angeles-based company filed Feb. 28 for protection under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York. It said it has obtained a commitment of $45 million in new financing.

The restructuring is intended to help the continued success of its brands through a sale, merger or similar transaction. BCBG expects to complete its reorganization within six months.

Earlier in February, the company disclosed the closure of the 120 retail stores as part of its restructuring efforts.

 

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