money troubles

BCBG Max Azria’s Credit Rating Takes Another Hit

By , the Cut’s financial-advice columnist.  In addition to “My Two Cents,” she writes about work and parenting for the site. Previously, she was the senior features editor at Harper's Bazaar and a senior editor at the Cut. She was also the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other places.
Max Azria (with Karolina Kurkova).
Max Azria (with Karolina Kurkova).

Despite their restructuring efforts, BCBG Max Azria Group’s credit rating went from a B- to a CCC+ on Friday as a result of “meaningful revenue decline,” according to ratings agency Standard & Poor’s.

Sources

WWD

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BCBG Max Azria’s Credit Rating Takes Another Hit