A Lucky Brand bankruptcy is underway and it will have the company closing down some of its stores.

Source: Jeff Whyte / Shutterstock.com

Let’s talk about the Lucky Brands bankruptcy.

• The denim fashion company is closing down 13 stores as part of the bankruptcy.
• It’s entered into an agreement with Sparc Group, LLC to sell all of its operating assets.
• Sparc is the company that operates the Aéropostale and Nautica brands.
• Authentic Brands Group LLC is using a newly-created subsidiary, ABG-Lucky LLC, to purchase all intellectual property assets belonging to Lucky Brand.
• The deal also includes a backup agreement that will have ABG-Lucky also purchasing all operating assets if Sparc doesn’t.
• Lucky Brand plans to continue normal operations through the bankruptcy process and already has funds from lenders to do so.

Here are the 13 stores that are shutting down for good due to the Lucky Brand bankruptcy.

• 350 W Hillcrest Drive
  Thousand Oaks, CA 91360
• 5267 2nd St
  Long Beach, CA 90803
• 4200 Conroy Road
  Suite 168
  Orlando, FL 32839
• 2800 Big Beaver
  Space North U209
  Troy, MI 48084
• 1000 Highland Colony Pkwy
  Suite 2005
  Ridgeland, MS 39157
• 140 University Town Center Drive
  Space 266
  Sarasota, FL 34243
• 520 N Michigan Ave
  Suite 127
  Chicago, IL 60611
• 1500 New Britain Ave
  Space C-225
  West Hartford, Ct 06110
• 1955 Festival Plaza Drive
  Suite 160
  Las Vegas, NV 89135
• 1000 The Mall of San Juan Blvd
  Space 144
  San Juan, PR 00924
• 1763 Pointe Blvd
  Dania Beach, FL 33004
• 11201 Bass Pro Pkwy
  Space M113
  Little Rock, AR 72210
• 5701 Outlets at Tejon Ranch Pkwy
  Space 922
  Arvin, CA 93203

As of this writing, William White did not hold a position in any of the aforementioned securities.