Design Group Americas Voluntarily Files for Chapter 11 Protection, Initiates Sale Process Aimed at Maximizing Value Through Going Concern Transactions
IG Design Group Americas, Inc. and its domestic subsidiaries (collectively, “DGA” or the “Company”), a design, manufacturing, sourcing, and distribution company of branded and private label consumer products, announced today that it has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) to facilitate a court-supervised marketing and sale process pursuant to section 363 of the Bankruptcy Code.
