BCBG Max Azria closes in Canada and US bankruptcy move

Women’s wear retailer BCBG Max Azria has filed for bankruptcy protection in the US and Canada. It will close all its 51 stores in Canada. Court documents obtained by Canadian Press indicate BCBG is “exploring alternatives” to closing its boutique presence inside Hudson’s Bay stores. The end was seen to be coming earlier this year as BCBG began closing stores — 120 out of its 550 were locked. At the time, it blamed poor sales in recent years to a “general shift away from brick-and-mortar to online retail channels” a trend it says has negatively affected many similar retailers. BCBG was founded in 1989 in Los Angeles and employs 4,800 workers.