Aeropostale gears up for takeover defence – paper

Dec 16 (BestGrowthStock) – U.S. teen clothing retailer Aeropostale
Inc (ARO.N: ) has hired Barclays Capital as a strategic adviser to
shore up its takeover defences in the event it got an approach
from private equity firms, the New York Post reported, citing a
person close to the situation.

“Management is in this for the long haul, and they want the
company to stay public,” the person told The Post.

Long a high-flyer among teen retailers — with fickle
customers clamoring for ever-changing fashions — Aeropostale
has recently hit a rough patch, evidenced by a 1 percent decline
in November same-store sales after a 2 percent decline in
October. [ID:nN01169545]

Aeropostale, which operates 885 stores in 49 states, was not
available to comment.
(Reporting by Sakthi Prasad in Bangalore; Editing by Dan Lalor)

Aeropostale gears up for takeover defence – paper