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This question is about Aeropostale.
Who owns Aeropostale?
SPARC Group LLC owns Aeropostale. SPARC Group LLC is a fashion industry leader that designs, sources, manufactures, distributes, and markets women's, men's, and kids apparel and accessories in key markets worldwide for iconic brands including Aeropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica.
Aeropostale is a specialty retailer of denim and other fabrics for men's and women's fashion. Originating in many malls throughout the United States, Aeropostale was founded in 1987. The company has experienced many ups and downs since it opened its doors back in the 80s.
Aeropostale filed for Chapter 11 bankruptcy on May 4, 2016, with assets of $354 million. The company closed 113 of its 739 U.S. stores. All 41 stores in Canada were also closed, the majority of which were unprofitable and responsible for the company's losses.
The company exited bankruptcy in September 2016 after a $243 million bid from a consortium of licensing firms, Authentic Brands Group, mall operators Simon Property Group and General Growth Properties, and capital-investment firms Gordon Brothers and Hilco Merchant Resources.
In January 2017, Aeropostale reopened over 500 stores under its new management. Following the acquisition, the company transferred its design, production and distribution license in Europe to the London-based LDN Fashion Design group. It has an annual turnover of almost 1.5 billion dollars and 1,000 stores in the Americas.
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