Bankruptcy Archive

Sycamore Partners, Liquidators Bid on Bankrupt Aeropostale

NEW YORK, United States — Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for the business, the people said. Versa had been preparing a stalking horse offer …

Aeropostale Discusses Sale

NEW YORK, United States — Aeropostale Inc has been negotiating a potential sale to private equity firm Versa Capital Management LLC that would save thousands of jobs at the bankrupt US teen retail chain and keep many of its stores open, according to a court filing. Versa, which specialises in distressed investments, would pay an undisclosed amount of cash for Aeropostale’s inventory and take on …