World Footwear

Companies

Aerosoles files Chapter 11

Sep 15, 2017 United States
Aerosoles files Chapter 11
The company will implement an operational and financial restructuring plan with the aim to revitalize the brand and focusing on growing ecommerce
The US based footwear brand has decided to fill Chapter 11 of the US Bankruptcy Code. The company will continue to manage its stores and operate its business as debtors in possession under the local jurisdiction. 

Denise Incandela, Aerosoles Interim CEO commented: "For nearly 30 years, Aerosoles has proudly offered consumers stylish and comfortable footwear at a great value. This restructuring will enable Aerosoles to become a stronger, more vibrant brand, and position the company for future growth".

A critical point in the restructuring plan is a significant reduction in the number of retail stores in order to realign the business with the changing marketplace environment. In parallel, the company will continue to enhance its digital platforms. 

Aerosoles expects to complete the restructuring within a period of four months, while focusing efforts on ecommerce, wholesale and the international business.

Related Events

  • Jun
    2
    Jun 2-Jun 3, 2024 | Michigan, United States

    Metro-Michigan Women's Wear Market

  • Jun
    3
    Jun 3-Jun 7, 2024 | New York, United States

    FFANY Market Week

  • Jun
    4
    Jun 4-Jun 7, 2024 | Atlanta, United States

    Atlanta Apparel

  • Jun
    4
    Jun 4-Jun 6, 2024 | New York, United States

    Footwear Show New York Expo (FSNYE)

Related Organizations

  • The Museum at FIT

    The Museum at FIT

    United States
  • USFMA - United States Footwear Manufacturers

    USFMA - United States Footwear Manufacturers

    United States
  • FDRA - Footwear Distributors and Retailers of America

    FDRA - Footwear Distributors and Retailers of America

    United States
  • Fashion Design Office

    Fashion Design Office

    United States