Partner Robert L. LeHane
is presenting at the Bay Area Bankruptcy Forum "Cutting Edge Retail Bankruptcy Exit Strategies."
Retail bankruptcies are on the rise. Prepare to think outside the box to resolve these challenging cases. In the retail chapter 11 bankruptcy case of teen retailer Aéropostale, a consortium of landlords, liquidators, and a licensing firm, was chosen as a winner over Aéropostale’s secured creditor, with an offer of $243.3 million in a deal that preserves part of the business.
The seminar will discuss how this unique deal came together from those that helped organize the joint bid. The following questions will be addressed: could this creative approach to a retail bankruptcy be duplicated? What criteria are necessary for this model to work? How can this exit strategy be used or adapted to the next retail chain bankruptcy?