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Aeropostale

  • Aeropostale creditor argues for liquidation

    The battle between bankrupt Aeropostale Inc. and Sycamore Partners has grown more heated.     Aeropostale and its junior creditors have come together in an effort to save the chain, but Sycamore isn’t having any part of it. The private equity firm has filed an objection that opposes the retailer’s second amended joint plan of reorganization. Sycamore believes that liquidation is the best option.  

  • Path opens up for Aeropostale rescue

    Bankrupt Aeropostale Inc. may not be going out of business after all.   The teen apparel chain has resolved a dispute with lenders that threatened to sink a potential bid from a unit of Versa Capital Management to buy the chain out of bankruptcy, Bloomberg reported.   Versa would keep about 500 Aeropostale stores open, according to the report. 

  • Report: Bankrupt teen apparel chain in negotiations with Versa Capital

    Aeropostale is negotiating a potential sale to private equity firm Versa Capital Management LLC, Reuters reported. Versa specializes in distressed investments.      In court papers filed at the end of last week,the retailer said it has been in discussions with Versa regarding a possible stalking horse bid at the chain’s bankruptcy auction later this month. The bid by Versa could include a cash payment for Aéropostale’s inventory, and the assumption of more than 500  

  • End of the road for former teen apparel giant?

    It appears that Aeropostale Inc., which declared Chapter 11 bankruptcy in May, will be selling its assets rather than reorganizing.       The teen retailer said in court papers that “reorganization on a standalone basis is not feasible.” Instead, it will look for a “stalking horse” to make the lead bid at an auction next month, Bloomberg reported.   

  • Teen apparel retailer gets final approval for DIP financing

    Aéropostale has received final approval for $160 million in debtor in-possession financing provided by Crystal Financial LLC.

  • Rochester mall to make historic change

    The Marketplace Mall located in the Henrietta area of Rochester, New York, will convert to an outlet center.     The mall will undergo capital improvements, remerchandising of the retail mix, and will be rebranded as Marketplace Outlets. This is a first-of-its-kind full conversion of an enclosed regional mall to an outlet center.   

  • The ‘least engaging’ retailers are …

    Five retail chains rank among the top 10 brands doing a poor job when it comes to emotional engagement, a measure of how well brands meet consumer expectations, according to an annual survey.

  • Aeropostale files Chapter 11; store closings include exit from Canada

    In a move rumored for weeks, Aéropostale on Wednesday filed for Chapter 11 bankruptcy protection.

    The struggling teen apparel retailer said it would close 113 stores in the United States and all 41 of its stores in Canada. Store closing sales in the United States will begin this weekend (May 7-8), and in Canada during the week of May 9.

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