Aeropostale files for Chapter 11 bankruptcy protection
Thomson ReutersA customer enters the Aeropostale store in Broomfield
(Reuters) - Struggling teen apparel retailer Aeropostale Inc filed for Chapter 11 bankruptcy protection on Wednesday, succumbing to years of losses as shoppers thronged fast fashion retailers and competitors.
The mall-based retailer listed assets in the range of $100 million to $500 million, and liabilities of between $100 million and $500 million, according to a court filing. (http://1.usa.gov/21vjWta)
The New York Stock Exchange suspended trading and delisted Aeropostale shares on April 21.
The case is in U.S. Bankruptcy Court, District of New York, Case No: 16-11275.
(Reporting By Aurindom Mukherjee in Bengaluru; Editing by Sunil Nair)
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