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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.