Bankrupt fashion retailer BCBG Max Azria Group has reached an agreement on a comprehensive restructuring.

It includes the possible sale of nearly all the retailer’s assets to Marquee Brands LLC and Global Brands Group Holding Limited. The completion of the transactions with Marquee and Global Brands are expected to immediately follow approval by the United States Bankruptcy Court. The expected closing date is no later than July 31, 2017.

Marquee and Global Brands said they intend to continue to operate a substantial majority of BCBG’s core businesses. Marquee will acquire the intellectual property associated with the BCBG brand, while Global Brands will acquire certain of…