Authentic Brands Group Thousands Of Positions Reserved By New Owners

Authentic Brands Group successfully won A ropostale Inc., saving A e ropostale 229 stores and thousands of jobs.

On Thursday night, after the bankruptcy of A ropostale Inc., all the bidding consortia reached an agreement, and Authentic Brands Group successfully bid to become the new owner of the US youth apparel retailer, including the acquisition of A e ropostale's e-commerce business and international business license.

Sycamore Partners Management was approved by bankruptcy judge last weekend, making use of the $151 million loan granted to A e Inc. Inc. in 2014.

。

Now is the negotiation with the debtor, Authentic Brands Group and Sycamore Partners Management are striving for the best part of A ropostale Inc., with the initial decision on Thursday night until the end of the weekend.

It is not clear at the moment.

How many stores will be owned by the United States, though it is expected that at least 229 stores are running, but there is no clear indication of how many jobs will be saved, though it will still be over 1000 people.

A spokeswoman for A ropostale said that the auction will receive a clear conclusion after the September 12th hearing. A e ropostale is looking forward to the completion of the paction, with an economically strong company positioning and successful development.

Pattern.