BCBG....here today gone tomorrow..

We all know the recession has hurt many retail and fashion companies such as American Apparel, but the next victim looks like it might be BCBG. Many of the retail stores are failing to make sales for  over a year and a half, as well as falling to pay bill like, water, fire and rent...oh snap! It gets worse!
W magazine released this information from BCBG as well.

"BCBG is experiencing financial trouble severe enough that it hasn't paid some of its bills since February. The company sent a letter to its creditors last week announcing it was "suspending" all payments "pending completion of new financing arrangements," reports Women's Wear Daily. BCBG is struggling to secure a $230 million loan in order to refinance a portion of its debt — otherwise, a $94 million loan will come due on June 16. And this looks bad: "BCBG did not respond to requests for comment. BCBG'S public relations representative sent out an e-mail Thursday saying she had resigned." Maybe because she hadn't been paid since February? Just a guess. Another rumor is that owner / CEO and head designer Max Azria has no idea how bad of money problems his company has, well I hope someone send him a memo.

I guess when they close the stores down Ill be first in line to pick up some dresses for all the wedding Ive got to go too. 

Love Kitsune63!

Guess the Future isn't so bright for BCBG......