Centric Brands has emerged from bankruptcy after being one of the first large-scale companies to be hit by COVID-19.
The company was previously forced to shut its own stores including Joe’s Jeans, BCBG and Robert Graham banners. Now, the company says it is well capitalized with access to cash and liquidity.
"We now emerge with an optimized business structure, supportive partners, a qualified and engaged Board and strengthened financials," says Jason Rabin, chief executive officer, Centric Brands. "We look forward to maximizing our potential and creating opportunities for future growth."