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American Designer Brand Bill&Nbsp; Blass Was Sold Off After Being Closed Down.

2011/4/12 17:10:00 85

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American Designer Brand Bill Blass Has Been Sold Off After Being Closed Down.

Many people compare Bill Blass to

American dream

In 90s, she had more than 40 authorized categories, with sales of $500 million.

BillBlass ten million sale is expected to be reborn in a year.

According to New York Times website and other comprehensive reports, NexCen has always wanted to throw out.

BillBlass

But it has just been concluded recently.

Although Nex Cen9 opened a price of 25 million US dollars in the month, it sold only 10 million dollars in the end.

The lucky buyer is peacock International Holdings LLC, a men's wear and necktie company.

The sale has been completed.

Nex Cen said that the proceeds of the paction would be used to repay debts related to Bill Blass business.

In order to match the sale, Nex Cen also revised its credit agreement with BTMUCapital Corp., which has a balance of $14 million 200 thousand.

The revised agreement extended the maturity date of the bonds to 2013.

At the same time, Nex Cen plans to repay the debt caused by Blass with cash, and to buy the debt of the big American cookie company.

How does a company selling cookies and ice-cream run a designer brand?

In May, Nex announced in May that it would consider strategic options, including the sale of one or more businesses to enhance liquidity and save the company.

At that time, the company warned shareholders that it might not be able to repay a huge debt due in October and continue to operate.

In August 2008, the company announced its chief executive officer.

Robert de la lung

RobertW.D "Loren" resigned and said that the company had reorganized its bank credit agreement to cancel the above payment obligation.

In a statement on Monday, KennethJ.Hall, the new CEO of the company, said the sale focused on the last step of the strategy of the 7 licensed brands in the retail and fast food industry.

Nex Cen shut down the Bill Blass garment line in December 19th, cutting 60 employees.

Since the departure of chief designer Peter Som two months ago, Nex Cen has never known how to run a designer brand, and Nex Cen can not support the 2009 press conference financially. It is hard to reproduce the past glory.

LLC, the acquirer peacock International Holdings, said that they plan to revive the advanced customization part in 9 to 12 months (including Peter Som's clothing line).

A manager said they had an idea of the designer, but they did not want to reveal it.

Selling one or more businesses in May 2008

CEO resigned in August 2008 to restructure credit agreement

Closing the Seventh Avenue exhibition hall in December 2008, laying off workers in a big way

In December 19, 2008, all the staff of the BillBlass garment line senior custom department were laid off.

NexCen sold BillBlass at $10 million in December 24, 2008.

BillBlass small files

Bill Blas (BillBlass) brand story:

American classic fashion master Bill Blas (Bill Blass) is one of the most popular American designers in the world today.

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Bill Blas (Bill Blass)'s costume design is very imaginative, which makes people fully realize the dazzling luxury.

He created gorgeous and graceful, but never used to be conventional. Bill Blass's clothes are fashionable, harmonious, comfortable and natural.

Bill Blass strives for simple structure, no spare ingredients, and sometimes for decoration purposes, he will add one or two pieces to his clothes.

Decorative fabric

Even so, decoration is only decoration, never imposed on the simple structure.

The bright plaid and the striking pattern are the preference of Bill Blass. Bill Blass boldly combines the flower pattern with the structure, just like a symphony, intertwining the beautiful elements in his clothes harmoniously.

Bill Blass uses more pure woolen, pure cotton, pure silk and nylon fabrics.