Eddie Bauer Completes $286M Sale To Golden Gate

Law360, New York (August 4, 2009, 5:01 PM EDT) -- Bankrupt retailer Eddie Bauer Holdings Inc. announced Tuesday that it had closed the $286 million sale of its business to Golden Gate Capital following court approval of the sale in late July.

Eddie Bauer will keep the majority of its stores and employees under the agreement, and executives from the company expect the sale will give the company a stronger balance sheet and help eliminate its long-term debt.

“We will benefit immensely from the value and capability they will bring to Eddie Bauer,” Eddie Bauer President...
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