Thursday, September 22, 2016

Aeropostale cuts rent deal that saves 75 more stores

Image result for aeropostaleThings keep getting better for Aeropostale.

The new owners of the ailing teen retailer will spare up to 475 stores in the US — an additional 75 stores — as more landlords agree to reduce rents.

In an unusual deal, two mall operators — Simon Properties and General Growth Properties — joined licensor Authentic Brands Group in buying the bankrupt chain for $243 million.. . . more

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