Headlines

Is Aeropostale for Sale?

Teen retailer reportedly exploring its options

Published

10 years ago

February 27, 2014

steve kaufman

Aeropostale Inc. (New York) is reportedly exploring either the sale of preferred stock to a private-equity firm or a straight-up sale.

Bloomberg News reported that the teen apparel retailer has contacted at least two buyout firms as of last month, as management weighs alternatives. At least one shareholder, Australian investment firm Crescendo Partners (Sydney), has demanded that the New York-based retailer find a buyer.

Aeropsotale ceo Tom Johnson is trying to turn around the company, which has lost money for four straight quarters. He recently announced plans to close as many as 40 underperforming stores this year.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design