Eddie Bauer Pursues $202M Asset Sale To CCMP

Law360, New York (June 17, 2009, 12:00 AM EDT) -- Confirming rumors of an impending bankruptcy, Eddie Bauer Holdings Inc. has filed for Chapter 11 protection as part of a proposed sale of its assets to an affiliate of global private equity firm CCMP Capital Advisors LLC for $202 million in cash.

The Bellevue, Wash.-based company said Wednesday it had voluntarily launched a bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware, citing the troubled economy and a crushing debt burden the outdoor-clothing retailer inherited from the 2005 reorganization of former parent Spiegel...
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