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Eddie Bauer stores could close amid possible bankruptcy filing: Reports
Eddie Bauer plans to close about 180 North American stores amid a Chapter 11 bankruptcy filing, while e-commerce and wholesale operations continue under a new licensee.
- Sources say an entity of Catalyst Brands, which operates Eddie Bauer, is preparing a Chapter 11 filing to shutter about 200 North American stores.
- Last month, Authentic Brands Group announced it was transitioning Eddie Bauer's manufacturing, e-commerce and wholesale licenses from Catalyst Brands to Outdoor 5, and beginning Monday those operations will move.
- Eddie Bauer's North America store footprint includes roughly 180 stores that could be impacted by the Chapter 11 filing, while about 20 stores in Japan would not be affected.
- Multiple parties are lining up to bid for a portion of the North American store fleet, with any winning bidder acquiring the operating business and licensing rights from Authentic Brands Group.
- Catalyst Brands, formed last year by Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein, had more than $9 billion in sales, operated 1,800 stores and held $1 billion of liquidity.
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Total News Sources91
Leaning Left18Leaning Right9Center50Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 23%
C 65%
12%
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