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Eddie Bauer files for bankruptcy

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Old Jun 17, 2009 | 05:38 PM
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Default Eddie Bauer files for bankruptcy

Eddie Bauer files for bankruptcy

Eddie Bauer (EBHI, news, msgs) may spend less time in bankruptcy court than even Chrysler. The sportswear retailer filed for Chapter 11 protection Wednesday in Delaware with a buyer waiting in the wings.

Bauer, which operated 370 retail and outlet stores, plans to sell nearly all its assets for $202 million in cash to CCMP Capital Advisors, a private-equity firm that was once part of JPMorgan Chase (JPM, news, msgs). The Bellevue, Wash., company has about $476.12 million in assets and $426.71 million in debts, according to its bankruptcy filing, provided by BankruptcyData.com.
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More at link.
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Old Jun 17, 2009 | 05:45 PM
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I thought they were owned by Gap. Guess I was wrong.
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Old Jun 17, 2009 | 05:46 PM
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What took them so long? Years ago, I used to buy from them once in a while, but then stopped. I thought they would've filed a long, long time ago, but I guess they held on until now.
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Old Jun 17, 2009 | 06:09 PM
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I've only known Eddie Bauer as a package on ford vehicles
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Old Jun 17, 2009 | 06:10 PM
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Originally Posted by Yellow_S,Jun 17 2009, 08:46 PM
What took them so long? Years ago, I used to buy from them once in a while, but then stopped. I thought they would've filed a long, long time ago, but I guess they held on until now.
So once you stop buying from a company, they're supposed to go out of business?

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Old Jun 17, 2009 | 06:11 PM
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They were big in the back to nature and granola days, but that market shrank and the clothing frankly got dated.
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Old Jun 17, 2009 | 07:08 PM
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I believe they also filed Chapter 11 in 2005.
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Old Jun 17, 2009 | 07:59 PM
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damn, its a sad day in the older rich outdoors man world
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Old Jun 17, 2009 | 09:07 PM
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Originally Posted by WarrenW,Jun 17 2009, 06:10 PM
So once you stop buying from a company, they're supposed to go out of business?

Yeah, pretty much.
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Old Jun 17, 2009 | 10:17 PM
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Originally Posted by frei,Jun 17 2009, 06:09 PM
I've only known Eddie Bauer as a package on ford vehicles
Ford now has to recall all the Eddie Bauer edition vehicles.
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