M&A Deal Summary

Authentic Brands Group, Simon Property Group and GGP Acquire Aeropostale

On September 15, 2015, Authentic Brands Group, Simon Property Group and GGP acquired apparel/textiles company Aeropostale

Acquisition Highlights
  • This is Authentic Brands Group’s 6th, Simon Property Group’s 1st and GGP’s 1st transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 9th, Simon Property Group’s 2nd and GGP’s 1st transaction in the United States.
  • This is Authentic Brands Group’s 3rd, Simon Property Group’s 1st and GGP’s 1st transaction in New York.

M&A Deal Summary

Date 2015-09-15
Target Aeropostale
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Simon Property Group
GGP
Deal Type Add-on Acquisition

Target

Aeropostale

New York, New York, United States
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old women and men. Aéropostale provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.

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Buyer(S) 3

Buyer

Authentic Brands Group

New York, New York, United States

Category Company
Sector Consumer Products
DESCRIPTION

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York City.


DEAL STATS #
Overall 12 of 29
Sector (Apparel/Textiles) 6 of 18
Type (Add-on Acquisition) 6 of 11
State (New York) 3 of 8
Country (United States) 9 of 24
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Tretorn Sweden AB

Helsingborg, Sweden

Tretorn Sweden AB is a affordable luxury outdoor-lifestyle brand from sports company

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 The Frye

New York, New York, United States

The Frye Co. is a designer, manufacturer and sells handcrafted leather boots, shoes, bags and accessories for men and women. The Frye Co. was established in 1863 and is based in New York.

Buy -
Buyer

Simon Property Group

Indianapolis, Indiana, United States

Category Company
Sector Real Estate
Employees2,500
Revenue 5.7B USD (2023)
DESCRIPTION
Simon Property Group's corporate headquarters in Indianapolis, Indiana.
Simon Property Group's corporate headquarters in Indianapolis, Indiana.

Simon Property Group is a self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets, The Mills, and community/lifestyle centers. Simon Property Group is based in Indianapolis, Indiana.


DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-14 Chelsea Property Group

Roseland, New Jersey, United States

Chelsea Property Group, Inc., a real estate company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Taubman Centers

Bloomfield Hills, Michigan, United States

Taubman Centers, Inc. is a real estate investment trust that owns, develops, acquires and operates regional shopping centers across the US. Taubman Centers currently owns and/or manages urban and suburban regional and super-regional shopping centers in 12 states. Taubman Centers was formed in 1950 and is headquartered in Bloomfield Hills, Michigan.

Buy $3.6B
Buyer

GGP

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Real Estate
Employees1,700
Revenue 2.4B USD (2015)
DESCRIPTION
General Growth's corporate headquarters along the Chicago River in downtown Chicago, Illinois.
General Growth's corporate headquarters along the Chicago River in downtown Chicago, Illinois.

GGP, Inc. is a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping high-quality regional malls throughout the United States.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1