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GLOBAL BRANDS GROUP USA FILES FOR BANKRUPTCY

... to sell the key assets. Among the brands, there are those that will be sold in bankruptcy. The company was actually established in 2005, when the Chinese firm Li & Fung Limited set up a wholesale business specializing in private labels and branded clothing. By December, the company was registered in Bermuda Islands with the aim of spinning off into a separate enterprise, having become a 100% subsidiary of Li & Fung Ltd. As early as 2014, the GBG’s shares began to be traded on the Hong Kong Stock ...

Modified: 08.02.2021
USA , bankruptcy , company bankruptcy , clothing , store , brand , Global Brands Group
Path: РусБанкрот - СМИ
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