Band of Outsiders' Intellectual Property and Inventory Scheduled for Auction

How will creditors of BoO begin to clear a total inventory of more than 5,000 physical units?

By
Fashion
19,070 Hypes 0 Comments

Following an arduous and doubtful journey from allegations through to the confirmation that fashion label Band of Outsiders is slowly beginning to break down its physical assets, a public notice in this week’s print issue of WWD and The Wall Street Journal has confirmed that the brand’s intellectual property rights and inventory will be auctioned off. As a decision made by the brand’s secured Belgian creditor CLCC SA, the public auction will begin as early as July 29. CLCC SA’s possession of Band of Outsiders comes following its inability to clear a credit line of more than $2 million USD. On top of closing certain physical locations, BoO’s liquidation sale efforts still left it with an inventory of more than 5,000 units and it is unclear as to whether or not such assets will be sold together with its intellectual property or separately. Stay tuned for more information on developments pertaining to the future of Band of Outsiders.

Read Full Article

What to Read Next

Most Talked About Menswear Topics for Fashion Week 2016 Spring/Summer Season
Fashion

Most Talked About Menswear Topics for Fashion Week 2016 Spring/Summer Season

Lyst analyzed shows, reviews, articles, blog posts,and social media to build a word-cloud visualization of the most discussed topics from SS16.

The Phantom Pen: The Prevalence of Ghostwriting in Rap
Music 

The Phantom Pen: The Prevalence of Ghostwriting in Rap

Recently, Meek Mill put Drake on blast for hiring a ghostwriter, Quentin Miller, to write his verse

James Bond 'Casino Royale' Reimagined as a 1960s Style Trailer
Entertainment

James Bond 'Casino Royale' Reimagined as a 1960s Style Trailer

A trip down memory lane for all good Peter Sellers and David Niven fans.


Buddy 2015 Fall/Winter Footwear Collection
Footwear

Buddy 2015 Fall/Winter Footwear Collection

Choose from clean primaries to a complex jacquard knit offering.

Benjamin Von Wong Speaks About His 'Underwater River' Shoot With Ballantine's Scotch Whisky
Arts

Benjamin Von Wong Speaks About His 'Underwater River' Shoot With Ballantine's Scotch Whisky

Find out how Benjamin overcame all obstacles for this phenomenal photoshoot.

#OnFeet at Agenda New York 2015 Summer – Day 2
Events

#OnFeet at Agenda New York 2015 Summer – Day 2

The hottest kicks from day 2 of Agenda New York.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.