Eddie Bauer Files for Ch. 11 Protection
The Catalyst Brands-owned casual and outdoor retailer is already liquidating inventory at its 175 North American doors while it seeks to restructure and sell itself to the highest bidder. The filing in NJ bankruptcy court only affects the U.S. and Canadian retail operations, as owner Authentic Brands Group licenses Eddie Bauer’s e-commerce and wholesale businesses to Outdoor 5, LLC, a separate company. Assets total $100 to $500 million and are more than offset by between $1 and $10 billion in liabilities. Eddie Bauer has filed for bankruptcy twice before: the first ... Log in to view full article.