Lucky Brand Dungarees signs asset purchase agreements

Davida Erdahl

Lucky Brand Dungarees, Los Angeles-dependent designer and retailer of iconic American denim and apparel, a short while ago declared it has entered into a stalking horse asset buy arrangement with SPARC Group, a foremost global operator of way of life makes, which include Aéropostale and Nautica, for the sale of considerably all of the company’s operating assets.

In connection with the transaction, ABG-Lucky LLC, a freshly fashioned subsidiary of Authentic Models Group, will purchase all the mental home assets of Lucky Brand.

In addition to coming into into the asset buy arrangement with SPARC, Lucky Brand and certain of its affiliate marketers also entered into a ‘back-up’ asset buy arrangement for the sale of the company’s and such affiliates’ mental home and certain other assets to ABG-Lucky, which will only arrive into effect if the asset buy arrangement with SPARC terminates beneath certain situations.

To facilitate the sale and cut

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