Aeropostale stores get potential lifeline with late bid
A surprising late bid in the auction for
bankrupt Aéropostale held out the promise that 229 stores of the teen
retailer might be saved, the Wall Street Journal reported late Tuesday.
$243.3 million bid came from a consortium of parties that included
Simon Property Group and General Growth Properties — two companies that
are landlords to Aéropostale stores — as well as Authentic Brands Group.
Joining in were liquidators Gordon Brothers Retail Partners LLC, and
Hilco Merchant Resources LLC, sources told the Journal.. . . more