Aeropostale Inc., the bankrupt teen clothing chain, says a group including mall operators General Growth Properties Inc. and Simon Property Group Inc. has bid for “substantially all” its assets with an eye toward keeping at least 229 stores open, Bloomberg News reported yesterday. The going-concern bid would also cover expenses including Aeropostale’s bankruptcy financing, the company said in a filing on Tuesday. The amount of the bid wasn’t disclosed. Lawyers for Aeropostale updated the bankruptcy judge on the auction yesterday, saying that they were working on documentation for the group’s offer, while also evaluating other bids. The auction should conclude today, attorney Ray Schrock told U.S. Bankruptcy Judge Sean Lane.
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