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Consortium Saves More Aéropostale Stores & Jobs Than Expected

Aéropostale will live to dress another generation of American teens, with more than half of its U.S. store base intact.

Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group (SPG) finalized their acquisition of the specialty retailer Thursday, announcing that Aéropostale will continue to be available in more than 700 retail doors worldwide: more than 400 in the U.S. and Canada; roughly 300 across Latin America, Europe, the Middle East and Southeast Asia.

Read more at Sourcing Journal.