Sparc Group, a global operator of lifestyle brands, completed the acquisition of Lucky Brand Dungarees, the Los Angeles based designer and retailer of iconic American denim and apparel, for $192m. "The Covid-19 pandemic has severely impacted sales across all channels. While we are optimistic about the reopening of stores and our customers' return, the business has yet to recover fully. We have made many difficult decisions to preserve the Company's viability during these unprecedented times. After considering all options, the Board has determined that a Chapter 11 filing is the best course of action to optimize the operations and secure the brand's long-term success. We remain committed to our Associates, vendors, and business partners and appreciate the continued support through this process," Matthew A. Kaness, Lucky Brand Interim CEO.