Lucky Brand To Exit Bankruptcy With $191.6 Million Sale To SPARC

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On August 12, the purchase of Lucky Brand to the SPARC Group LLC, the stalking horse bidder when Lucky Brand filed for Chapter 11 bankruptcy protection last month, was approved by the U.S. Bankruptcy Court for the District of Delaware. The all-assets bid included $140.1 million in cash, $51.5 million in credit from vendors and a trade receivables adjustment. […]