By  on February 20, 2018

Aerosoles has shifted its bankruptcy strategy from a restructuring to an outright asset sale.

The mall-based women’s footwear brand on Friday accepted a preliminary, or “stalking horse,” bid of $26.2 million for the majority of its assets from Alden Global Capital, a New York-based hedge fund that’s best-known for its holdings in media, communications and manufacturing.

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