Aeropostale, a teen-focused clothing retailer, filed for bankruptcy earlier this year, and since then its continuing existence has been in question. Its business assets are up for auction this week, and the retailer reports that a bid has come in that would keep the doors open and the jeans flowing onto store shelves. [More]
aeropostale bankruptcy
Aeropostale Wants To Reorganize, Main Lender Thinks That’s Adorable
By 6.8.16
In recent months, we’ve shared with you the bankruptcy saga of Sports Authority, a sporting goods chain that was deep in debt, filed for bankruptcy protection, and planned to re-emerge as a smaller and reorganized retailer, but couldn’t make it work, ultimately selling its remaining stores to liquidators. Teen clothing retailer Aeropostale seems to be headed down a similar path, with its biggest lender pressuring the chain to get ready to auction its stores instead of reorganizing. [More]
