Bankruptcy: Teen Clothing Retailer Aeropostale Files Chapter 11; Has $160M DIP Loan

AĆ©ropostale today filed for Chapter 11 in bankruptcy court in Manhattan, the company announced. The company said it intends to emerge from Chapter 11 within the next six months “as a standalone enterprise with a smaller store base, increased operating efficiencies and reduced SG&A expenses.” The company announced an initial store closure […]

Original: Forbes Real Time