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Eddie Bauer

Eddie Bauer buyer to keep stores open

Sat, 07/18/2009 - 19:51 by Inderjit Singh

San Franscisco -- Most of the 370 outlets of bankrupt U.S. outdoor clothing retailer Eddie Bauer will remain open, its new buyer says.

Golden Gate Capital Friday won a bankruptcy auction for the Bellevue, Wash., chain, with a $286 million bid. The San Francisco-based investment firm said it will keep most Eddie Bauer stores open, in contrast with liquidators who were bidding to sell off pieces of the company, the Los Angeles Times reported.

Golden Gate beat out Great American Group, Hilco Consumer Capital, Gordon Bros. Group and Iconix Brand Group Inc., which owns Rocawear clothing, in the bidding for bankrupt Eddie Bauer Holdings Inc., the newspaper said.

Eddie Bauer files for bankruptcy protection

Thu, 06/18/2009 - 11:12 by Jamie Anderson

Washington, June 18: The nearly 90-year-old outdoor retailer, Eddie Bauer Holdings Inc. (NASDAQ: EBHI), is succumbing under the weight of a heavy debt load.

Eddie Bauer seeks Chapter 11, sale likely

Wed, 06/17/2009 - 23:36 by Shruti Sharma

Seattle -- Seattle-based clothing retailer Eddie Bauer filed for Chapter 11 bankruptcy Wednesday, claiming it had nearly $427 million in debt to contend with.

The Seattle Times said the filing was made in U.S. Bankruptcy in Delaware as the recession continued to squeeze the chain's outdoor clothing line.

Eddie Bauer laid off nearly 200 employees in January and reported a $44.5 million loss for the first quarter.

The Times said reports in the financial community indicated the company, which was founded in 1920, would be acquired in the near future by the private-equity firm CCMP Capital Advisors.

Copyright 2009 by United Press International.