Keyword: Sycamore Partners

Aeropostale to keep 400 stores

Aeropostale has been rescued from liquidation by a consortium of vendors, liquidators and mall operators, and more stores than expected will remain open.

Aeropostale avoids liquidation

A last-minute bid by a consortium led by property managers has won the auction for Aeropostale assets, and plans to keep 229 stores open and the brand intact.