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BRIEF-Aerosoles files chapter 11 to implement operational and financial restructuring
September 15, 2017 / 1:17 PM / 5 days ago

BRIEF-Aerosoles files chapter 11 to implement operational and financial restructuring

Sept 15 (Reuters) - Aerosoles-

* Aerosoles files chapter 11 to implement operational and financial restructuring

* Aerosoles - company will continue to manage its stores and operate its businesses as “debtors in possession” under jurisdiction of bankruptcy court​

* Aerosoles - company plans to maintain four flagship stores in new york and new jersey

* Aerosoles - co will continue to manage its stores and operate its businesses as “debtors in possession” under jurisdiction of bankruptcy court​

* ‍Aerosoles says co, units voluntarily filed petitions to reorganize under chapter 11 of U.S. Bankruptcy code in U.S. Bankruptcy court for district of Delaware​

* Aerosoles - expects to complete restructuring within approximately four months​

* ‍Aerosoles - reorganized business will focus on ecommerce, wholesale and international businesses that have continued to gain strength in recent years​ Source text for Eikon:

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