Things keep getting better for Aeropostale.
The new owners of the ailing teen retailer will spare up to 475 stores in the US — an additional 75 stores — as more landlords agree to reduce rents.
In an unusual deal, two mall operators — Simon Properties and General Growth Properties — joined licensor Authentic Brands Group in buying the bankrupt chain for $243 million.
The new owners announced that 7,000 jobs would be saved as they reorganize the company, including negotiating deals with other mall operators that have Aeropostale as a tenant.
A bankruptcy court judge agreed to a plan that would have saved 229 stores last week — a figure that has climbed since.
“We continue to talk to landlords,” said ABG Chief Executive Jamie Salter. “And they want to be part of this new retail model.”


