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September 15, 2016

Specialty retailer Aéropostale acquisition finalised

A consortium comprising Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group (SPG) have finalised the acquisition of Aéropostale.

A consortium comprising Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group (SPG) have finalised the acquisition of Aéropostale.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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ABG owns a global portfolio of fashion, sports and entertainment brands, while GGP and SPG are retail real estate companies.

Aéropostale is specialty retailer of casual apparel and accessories, with a focus on young women, men and children.

“This consortium brings a new approach to brand development and Aéropostale brings another facet to ABG’s fashion portfolio."

Simon Property Group chairman and CEO David Simon said: “We are encouraged by the tremendous amount of support we have received from employees, vendors and other landlords.”

The Aéropostale brand will continue to be available at 700 retail outlets.

ABG chairman and CEO Jamie Salter said: “This consortium brings a new approach to brand development and Aéropostale brings another facet to ABG’s fashion portfolio.

“The purchase of Aéropostale propels the retail revenue driven by ABG’s brands to over $4.5bn in retail sales worldwide.

“We look forward to working closely with our new partners, General Growth Properties and Simon Property Group , to continue to grow the Aéropostale brand on a global scale.”

The brand is present in nearly 400 stores across the US and Canada, as well as approximately 300 stores across Latin America, Europe, the Middle East and South East Asia.

GGP CEO Sandeep Mathrani said: “Aéropostale has significant brand equity and the go-forward portfolio of stores generates more than $1bn in global retail sales, over $800m of which is from the US.

“The entity is financially secure and well-capitalised, and we are very pleased that thousands of jobs will be preserved.”

Free Report
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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.