Landlords, liquidators and licensing firm Authentic Brands Group have been declared the winners of a contest for distressed retailer Aéropostale, with an offer of $243.3 million in a deal that preserves part of the business, according to a person familiar with the matter.
The results of a bankruptcy auction that closed late Thursday mean Aéropostale will survive chapter 11 in a streamlined form, with a chain that once numbered 800 stores cut back but still in operation.
Aéropostale said in a statement that it would emerge from bankruptcy with new ownership as a financially stronger company positioned to compete and …
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