GBG USA Inc., a subsidiary of Global Brands Group Holding Ltd., filed for Chapter 11 bankruptcy protection in New York Thursday.
- Company will use Chapter 11 to auction its U.S. assets, including the Aquatalia brand, according to a
- The group, through its U.S. entities, has about $240m of outstanding secured funded indebtedness, per disclosure
- Court: U.S. Bankruptcy Court for the Southern District of New York
- Case Number:
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