A&G Realty Partners Hired to Manage Retail Store Liquidation of Bakers Footwear Group Inc.

  A&G Realty Partners Hired to Manage Retail Store Liquidation of Bakers
  Footwear Group Inc.

Business Wire

NEW YORK -- February 12, 2013

A&G Realty Partners LLC has been retained to handle the liquidation of Bakers
Footwear Group Inc.’s remaining 56 retail stores located in premier mall
shopping centers around the country.

An auction for the store leases is expected to be held on February 18, with a
deadline to submit bids to A&G Realty by February 21. Founded in 1929 under a
different name, Bakers Footwear Group stores target women between 12 and 29
years old, selling merchandise including private label and national brand
dress, casual and sport shoes, boots, sandals and accessories.

“Bakers' real estate has begun to create interest among various shoe
retailers, particularly those interested in access to premier locations in
some of the top malls in the country,” said Michael Jerbich, a Partner at A&G
Realty Partners, who is managing the court-supervised sale process.

Bakers Footwear Group, once a leading mall-based retailer of shoes for young
women, filed for Chapter 11 bankruptcy protection in October 2012, case no.
12-49658, because of declining sales. Before the St. Louis-based footwear
retailed filed its bankruptcy petition it operated 236 Bakers and Wild Pair
shoe stores in 37 states.

U.S. Bankruptcy Court Charles Rendlen III for the U.S. Bankruptcy Court in St.
Louis approved the Chapter 7 order on Jan. 15, 2013, allowing Bakers Footwear
Group to conduct going-out-of-business sales at its remaining stores,
including the liquidation of its retail properties.

Baker’s intellectual property assets are being marketed by investment banking
firm Consensus Advisors.Consensus Managing Director, Thomas Scotti, said:
“Bakers Footwear Groups’ core tradenames have been in use for 90 years.The
Company has sold billions of dollars of shoes to young women from stores all
over the U.S. and from its successful website.The Company has a customer list
of 1.5 million names, many of whom are active and engaged customers of the
brand.” Parties interested in acquiring the intellectual property should
contact Consensus at 617-437-6500 or tscotti@consensusadvisors.com.

Bakers Footwear Group is one of many retailers to engage A&G in recent months
to sell or restructure their real estate holdings.Ascena Retail Group Inc.
(NASDAQ: ASNA), a leading national specialty retailer of apparel for women and
teen girls, recently engaged A&G Realty to manage the resolution of 258
Fashion Bug store leases in connection with its acquisition of Charming
Shoppes Inc.

About A&G Realty Partners

A&G Realty Partners specializes in real estate dispositions, lease
restructurings, facilitating growth opportunities, valuations and
acquisitions. A&G Realty has serviced the nation's most recognizable retail
brands in healthy and distressed situations. A&G Realty is a leader in finding
innovative ways to consolidate and reconfigure real estate to achieve the
highest possible value. A&G Realty was founded in 2012 and is headquartered in
New York. For more information, please visit: http://www.agrealtypartners.com.


BackBay Communications
Kelly Holman, 212-209-3844
Press spacebar to pause and continue. Press esc to stop.