Aerosoles Explores Options Including Sale of Shoe Retailer

7/30/17

U.S. women’s shoe company Aerosoles Group is exploring several options including a debt restructuring or sale of the company, as it struggles to adapt to fast-changing consumer tastes, according to people familiar with the matter.

Aerosoles, known for its affordable flats and wedges, has hired investment bank Piper Jaffray Companies (PJC.N) and financial advisory consultant Berkeley Research Group to carry out the strategic review, three sources said Thursday.

The sources asked not to be identified because the deliberations are confidential.

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