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  • Simon and General Growth Confirm Aeropostale Acquisition
    Zacks11 days ago

    Simon and General Growth Confirm Aeropostale Acquisition

    Simon Property Group (SPG), General Growth Properties (GGP) and Authentic Brands Group revealed finalization of the acquisition of the apparel and accessories brand, Aeropostale.

  • American City Business Journals15 days ago

    Court approves $243M Aeropostale sale, saving 7K plus jobs

    A Manhattan bankruptcy court judge approved the sale today of teen clothing retailer Aéropostale to a consortium of buyers that plans to keep at least 229 stores open. The approval follows a $243 million bid submitted by the consortium for the New York City-based chain at a Sept. 2 bankruptcy auction, four months after the company filed for Chapter 11. The consortium is led by the retailer’s landlords Simon Property Group Inc. and General Growth Properties, who were joined by branding and licensing firm Authentic Brands Group LLC, and liquidators Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC.

  • Bloomberg15 days ago

    Aeropostale Wins Approval of $243 Million Sale to Mall Group

    Teen clothing retailer Aeropostale Inc. won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc. after the landlords banded together with liquidators ...