Bandier, the women’s activewear brand, is looking for a buyer to acquire its assets, including inventory and intellectual property, as part of an Assignment for the Benefit of the Creditors (ABC), also known as a General Assignment for the Benefit of the Creditors, to avoid a formal bankruptcy filing.
An ABC is a voluntary alternative to formal bankruptcy proceedings that transfers all assets from a debtor to a trust for liquidating and distributing its assets. DSI Assignments is conducting the expedited sale process.
DSI Assignments said, “Bandier operates five branded retail stores throughout the United States and an E-commerce platform. Originally starting in 2014 as a brick-and-mortar store in Southampton, New York, Bandier quickly expanded to drive women’s activewear sales across the US. Bandier offered a curated assortment of fashion-forward activewear brands to bring excitement, discovery, and energy to the activewear space. Bandier’s offerings spanned apparel, footwear and accessories.”
Interested parties should submit their bids to DSI Assignment by December 18.
Photos courtesy Bandier
