The winning consortium announced on September 15 it is finalizing the acquisition of the global trend-focused apparel and accessories brand, Aéropostale. ABG owns a global portfolio of fashion, sports and entertainment brands, and GGP and SPG are two of the world’s largest real estate companies. Aéropostale offers active-oriented fashion and basic merchandise at compelling values. Following the acquisition, the brand will continue to be available in more than 700 retail locations worldwide, including in more than 400 stores in the US and Canada, and about 300 locations in Latin America, Europe, the Middle East and Southeast Asia. The brand generates more than $1 billion in global retail sales and more than $800 million of that comes from the US alone, according to GGP. ABG commented the acquisition of Aéropostale would push the total revenue from its brands to more than $4.5 billion. Aéropostale filed for voluntary bankruptcy protection on May 4, 2016. The Wall Street Journal reported on September 2 that the consortium had submitted a winning $243.3 million bid for the retailer.