Design Group Americas (DGA) filed for Chapter 11 protection on July 10, citing challenges from Joann’s bankruptcy and U.S. tariffs. The parent company, IG Design Group, sold DGA to Hilco Capital Group for $1 in May, while non-U.S. affiliates remain unaffected. DGA, known for brands like McCall’s and Simplicity, has secured about $53 million in debtor-in-possession financing and plans to sell many of its brands while winding down its woven ribbon products business. The company’s struggles are attributed to macroeconomic factors and increased operational costs, leading to significant impacts on sales.

Source: https://www.supplychaindive.com/news/joann-supplier-out-of-business-mccalls-vogue-butterick-simplicity/752514/