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.
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.
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.
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.









