Eddie Bauer bankruptcy: liquidation sales begin as 180-store operator seeks buyer
Eddie Bauer’s store operator has filed for Chapter 11 bankruptcy in New Jersey, kicking off liquidation sales at roughly 180 stores across the U.S. and Canada as it tries to find a buyer. According to court documents, debt stands at around $1.7 billion, with a court-approved sale deadline set for March 12. The implications of the filing stretch beyond just one label. Eddie Bauer announced it has secured a restructuring support agreement with its secured lenders—a move aimed at locking in creditor approval—as it works on a “going concern” sale, which might let a buyer keep parts of the chain up and running. Its e-commerce and wholesale segments aren’t expected to pause; those will stay active under Outdoor 5, which operates them separately under license.
