Aerogroup International, Inc.

ABOUT THE CASE

Aerogroup International, Inc.

d/b/a Aerosoles
SECTOR: Consumer Discretionary - Retail
CONFIRMED DATE: September 2017
ROLE: Financial Advisor to the Official Committee of Unsecured Creditors
Aerogroup International, Inc., is a New Jersey-based women’s footwear brand that designs and manufactures a wide array of footwear products, including heels, flats, wedges, boots and sandals. The company operates through five business segments including retail, E-Commerce, wholesale, and licensing. The company filed for bankruptcy due to a combination of unsustainable lease obligations and a major supply chain disruption. Province was hired by the Official Committee of Unsecured Creditors to assess the company’s viability as a going concern, monitor the sale process, and scrutinize the cash collateral budget and its respective terms. Province also proactively conducted a forensic analysis of the sponsor’s pre-petition conduct in order to identify potential additional sources of value in order to provide unsecured creditors with a path to recovery.
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