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SPARC Group to Acquire Lucky Brand Assets
- Client News
- July 3, 2020
Paul, Weiss is advising SPARC Group LLC and Authentic Brands Group LLC in their stalking-horse agreement to purchase the operating assets of Lucky Brand Dungarees, LLC, the Los Angeles-based designer and retailer of iconic American denim and apparel. Lucky Brand has initiated chapter 11 proceedings in the District of Delaware to facilitate the sale and reduce its debt burden.
SPARC is a leading global operator of lifestyle brands, including Aéropostale and Nautica. Authentic Brands is a brand development, marketing and entertainment company with a global portfolio of entertainment, media and lifestyle brands. Terms of the transaction were not disclosed.
The Paul, Weiss team includes, among others, corporate partners Ted Ackerman and Robert Schumer; restructuring partners Brian Hermann and counsel Brian Bolin; intellectual property partner Claudine Meredith-Goujon; tax partner David Sicular; real estate partner Peter Fisch; employee benefits counsel Reuven Falik; and antitrust counsel Yuni Sobel.