Aeropostale: Not dead yet

Aeropostale may still live to see another day thanks to a last-minute bid.



In a development that no one saw coming, a consortium of landlords, liquidators and others joined together to make a $243.3 million offer to save 229 Aeropostale stores, Fortune reported. The group includes General Group Properties, Simon Property Group, Gordon Brothers Retail Partners, Hilco Merchant Resources, and Authentic Brands Group.



The Aeropostale auction that was due to start Monday was adjourned Tuesday to let the deal coalesce.



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