KKR-backed Fashion-Brands Owner Collected Group Gets Approval for Chapter 11 Plan

Fashion-brands owner the Collected Group won court approval for a bankruptcy exit plan that will keep its largest shareholder KKR & Co. in charge, after a deal with unsecured creditors. 

KKR-backed seller of Joie, Current/Elliott and Equipment fashions to exit bankruptcy.

The Collected Group is a designer and distributor of women’s contemporary apparel.  It is the design and distribution force behind Joie, Current/Elliott and Equipment apparel labels, that are sold through department stores and, before the pandemic, in some of its own retail stores, and online.

Source: Wall Street Journal

Can’t stop reading? Read more