Published • loading... • Updated
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy
Eddie Bauer LLC aims to maximize value through court-supervised liquidation and sale of 180–220 U.S. and Canadian stores amid prolonged unprofitability and retail challenges.
- Eddie Bauer LLC on Monday filed Chapter 11 in the United States Bankruptcy Court for the District of New Jersey after entering a Restructuring Support Agreement with its secured lenders.
- In recent years, the Retail Company has faced dwindling sales, supply-chain issues and ongoing tariff uncertainty, Marc Rosen, CEO of Catalyst Brands, said.
- Filing `first-day` motions, the Retail Company seeks to use cash collateral to fund operations while running liquidation sales and pursuing a going-concern sale process.
- The filing puts roughly 180 stores and nearly 200 at risk while listing more than 100,000 creditors, with $100 million to $500 million in assets and $1 billion to $10 billion in liabilities.
- RSA is designed to enable a quick Chapter 11 process, and potential buyers of North American store operations could preserve operations, but if no buyer emerges the company will orderly wind down U.S. and Canadian stores.
Insights by Ground AI
54 Articles
54 Articles
Eddie Bauer files for bankruptcy protection in the U.S., similar filing to be made in Canada
The operator of roughly 180 Eddie Bauer stores has filed for Chapter 11 bankruptcy protection in the U.S. and will soon make a similar filing in Canada, blaming declining sales and a litany of other industry headwinds.
·Canada
Read Full ArticleCoverage Details
Total News Sources54
Leaning Left10Leaning Right4Center32Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 22%
C 69%
Factuality
To view factuality data please Upgrade to Premium





















