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FiBA to bring NY-based teen retailer Aeropostale

16
Nov '11
Aeropostale Inc., a mall-based specialty retailer of casual and active apparel for young women and men, announced that it has signed a licensing agreement with FiBA Group to open approximately 30 stores across Turkey over the next five years. The first store is scheduled to open in summer 2012.

Thomas P. Johnson, Chief Executive Officer, stated, "We are thrilled to bring the Aeropostale brand to Turkey, and continue with our international expansion plans. We are also very pleased to be working with FiBA Group, a company that brings incredible experience building brands and operating stores across this region of the world."

Commenting on Aeropostale's launch in Turkey, Murat Ozyegin, FiBA Group and Chairman of the Board of Directors, stated, "We are delighted to start our partnership with Aeropostale, a company that has excelled and demonstrated strength in the teen-apparel segment. We strongly believe that Aeropostale will bring excitement to the Turkish market with its great fashion, fun and optimistic lifestyle offering and affordable prices."

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores.

FiBA Group is a privately owned company, founded by a Turkish entrepreneur, Husnu Ozyegin. Ozyegin Family has full ownership of FiBA Group, which consist of two holding companies - FiBA Holding and FiNA Holding. FiBA Holding was founded in 1989 to make investments in the financial sector. FiNA Holding was established in 1993 to invest in non financial lines of businesses.

Aeropostale Inc


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