Following their recent acquisition of Brooks Brothers, Simon Group and Authentic Brands Group have added Lucky Brand dungarees to their portfolio.

Their joint venture known as SPARC Group purchased the bankrupt retailer for a price of $140.1m and the approval for this acquisition came the same day that SPARC was the successful bidder for Brooks Brothers.

Previously owned by Leonard Green & Partners, Lucky Brand had been working to restructure its operations before the pandemic struck and the lasting effects of Covid-19 meant that the brand filed for bankruptcy in July.