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Article: BCBG Max Azria Group Acquires Max Rave, LLC.
- Article from:
- PR Newswire
- Article date:
- August 25, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Aug. 25 /PRNewswire/ -- BCBG Max Azria Group, Inc. (BCBG), which currently owns 30% of Max Rave, LLC, has announced today that it has acquired the remaining 70% equity interest from Guggenheim Corporate Funding LLC. Max Rave will be a subsidiary of BCBG Max Azria Group, Inc.
The completion of this acquisition is an important step in BCBG's strategy of expanding brands and channels of distribution.
BCBG has modified and expanded its credit facilities to facilitate this transaction and provide future working capital for the combined businesses.
Max Rave currently operates 488 stores in the United States and Puerto Rico under the names ...