Aerogroup Inc. Narrows Ch. 11 Strategy To Asset Sale Track

Law360, Wilmington (December 6, 2017, 8:52 PM EST) -- Bankrupt women’s shoe maker Aerogroup International Inc. told a Delaware judge Wednesday that it had decided to pursue a sale of its assets and a licensing deal and will be abandoning its dual-track Chapter 11 strategy, which included a liquidation option.

During a hearing in Wilmington, Delaware, Aerogroup attorney Gregg Galardi of Ropes & Gray LLP said the debtor would cease to be a women’s shoe retailer and would instead license its intellectual property in the Aerosoles brand to Global Brands Group, which would also purchase...
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