Aeropostale gears up for takeover defense: report

BANGALORE (BestGrowthStock) – U.S. teen clothing retailer Aeropostale Inc (ARO.N: ) has hired Barclays Capital as a strategic adviser to shore up its takeover defenses 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.

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 defense: report