IG Design Agrees Sale of DG Americas Amid Tariff Uncertainty

IG Design Group agrees to sell its interest in Design Group Americas to a special purpose vehicle of Hilco Capital Group, as it notes “significant pressure and uncertainty” from US tariffs.

• Company pointed to an “exceptionally challenging retail environment with softening consumer demand,” as well as the cost of doing business due to US tariffs
• Sale consideration is a nominal upfront payment of $1 and 75% of any proceeds from further sale or realization by the buyer
  • Process for the sale or realization of DGA and/or its assets by the buyer is not time bound and there is no absolute ...