A joint venture between Great American Group (GA) and Tiger Capital Group announced that it has partnered with Aéropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, to facilitate the orderly exit of 113 of its stores and factory outlets across the U.S. These are the same closures announced on May 4, 2016, in conjunction with Aéropostale’s voluntary Chapter 11 filings.
As previously disclosed, sales at the 113 closing locations began on May 7, 2016 and will last only until the respective stores’ merchandise and fixtures have been sold. To see a list of the closing Aéropostale locations in the U.S., please click here. It continues to be business as usual at all other Aéropostale locations.
Great American Group is a leading provider of advisory and valuation services, asset disposition and auction solutions, and a subsidiary of B. Riley Financial, Inc.. Tiger Capital Group provides comprehensive valuations, disposition services, capital infusions, and operational expertise to companies in times of growth, distress or transition.
“Our deep history of working with specialty apparel retailers such as Aéropostale has given us the experience to quickly and efficiently exit these locations, and assist Aéropostale in optimizing its store footprint” said Scott Carpenter, President of GA's Retail Solutions division.
“This is a rare opportunity for customers to take advantage of significant savings on some of their favorite apparel and accessories,” stated Michael McGrail, Chief Operating Officer of Tiger Capital Group. “Following this sale process, Aéropostale shoppers will still find their favorite fashions at over 600 ongoing Aéropostale stores nationwide and at Aéropostale.com.”
Aéropostale, Inc. is a specialty retailer of casual apparel and accessories, principally serving young women and men through its Aéropostale® and Aéropostale Factory™ stores and website and 4 to 12 year-olds through its P.S. from Aéropostale stores and website.
Great American Group, LLC is a leading provider of advisory and valuation services, asset disposition and auction solutions. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets.
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results.