(For more retail coverage, click GlobeSt.com/RETAIL.)

REDMOND, WA-One year after splitting from its former parent company, Spiegel Inc., Eddie Bauer Holdings is considering strategic alternatives. The company has retained Goldman, Sachs & Co. as its financial adviser to evaluate and assist with a possible sale.

In a released statement Thursday, the company said there can be no assurance regarding when, or if, Eddie Bauer will sell. Company officials have no intentions of providing updates or making any further comment until the outcome of the process is determined.

Spiegel, which also operated mail-order catalogs under the Newport News and Spiegel names, filed for Chapter 11 bankruptcy protection on March 17, 2003. At the time, the move prompted industry speculation that the company would close stores or sell its Eddie Bauer chain. In June of last year, Eddie Bauer emerged from the Spiegel Chapter 11 reorganization process under its newly formed parent company, Eddie Bauer Holdings Inc.

In December, the company filed a Form 10 Registration Statement with the US Securities and Exchange Commission to register its shares. Fabian Mansson, president and CEO of Eddie Bauer, said the filing was “an important step now that Eddie Bauer has emerged as a stand-alone company for the first time in 35 years.” But Mansson’s enthusiasm about the company’s turnaround soon dissipated.

In January, the company announced the resignation of its CFO, Timothy McLaughlin, and rescinded its quarterly SEC earnings filing after discovering errors in the balance sheets and the statements of cash flows.

Eddie Bauer operates approximately 375 stores throughout the US and Canada. The retailer also participates in joint-venture partnerships in Japan and Germany.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.