Building a Strong Financial Future

Following an auction for Aéropostale’s assets concluded on September 1, 2016, a bid from a group who intend to operate at least 229 U.S. stores in addition to Aéropostale’s e-commerce business and the Company’s international licensing business, emerged as the highest or best.  The group of bidders includes Authentic Brands Group, General Growth Properties, Simon Property Group, Hilco Merchant Resources and Gordon Brothers Retail Partners.

The conclusion of the auction clears the way for the going-concern sale to be completed following a confirmation hearing, which is scheduled for September 12, 2016. Aéropostale looks forward to closing the sale and emerging from bankruptcy with new ownership as a financially stronger company positioned to compete and succeed in an evolving retail landscape.