Eddie Bauer goes bust......

[marmar]

Eddie Bauer Holdings May Seek Bankruptcy Protection (Update1)
By Lauren Coleman-Lochner and Jonathan Keehner


June 9 (Bloomberg) -- Eddie Bauer Holdings Inc., the U.S. outdoor-clothing chain, may seek bankruptcy protection as soon as this week, according to five people with knowledge of the discussions. The shares lost half their value.

Hilco Consumer Capital LLC has expressed interest in bidding on the company’s assets, said the people, who declined to be identified because the talks aren’t public. CCMP Capital Advisors LLC, a private-equity firm based in New York, may also make an offer for the retailer, which is being advised by Peter J. Solomon Co., the people said.

Eddie Bauer fell 24 cents to 24 cents at 3:59 p.m. New York time in Nasdaq Stock Market trading. The shares have lost 54 percent this year.

Eddie Bauer, which opened its first sporting goods store in Seattle in 1920, has reported annual losses for the past three years. The Bellevue, Washington-based company operates about 370 stores in the U.S. and Canada. No final decision has been made about a bankruptcy filing, according to people familiar.

Eddie Bauer had $187.9 million in long-term borrowings and $2.62 million in cash in the quarter that ended April 4, according to a company filing. The company reported a loss of $44.5 million in the first quarter on sales of about $180 million.

Gordon Brothers Group has also held talks with Eddie Bauer, people familiar with the matter said last month. In the past year, Hilco Consumer Capital, which is based in Toronto, and Boston’s Gordon Brothers have purchased defunct retailers such as Sharper Image Corp. and Linens ‘n Things Inc. ..........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=acfCGnoEIt1I

[Ian David]

1. NOOoOOOOOooooo! I love(d) Eddie Bauer! n/t

[Mari333]

3. yeah but look where they get their workers from

untry
address & contact : production type
incentive source
Bahrain Bahrain
: 4 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Bangladesh Bangladesh
: 4 facilities
Fair Labor Association
Cambodia Cambodia
: 6 facilities
Fair Labor Association
China China
: 88 facilities
Fair Labor Association
Colombia Colombia
: 1 facility
Fair Labor Association
El Salvador El Salvador
: 5 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
United Arab Emirates United Arab Emirates
: 2 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Guatemala Guatemala
: 2 facilities
Fair Labor Association
Hong-Kong Hong-Kong
: 45 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Mauritius Mauritius
: 11 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Maldives Maldives
: 2 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
India India
: 2 facilities
Fair Labor Association
Indonesia Indonesia
: 2 facilities
Fair Labor Association
Israel Israel
: 1 facility
Fair Labor Association
Macau Macau
: 9 facilities
Fair Labor Association
Malaysia Malaysia
: 6 facilities
Fair Labor Association
Mexico Mexico
: 11 facilities
Fair Labor Association
Pakistan Pakistan
: 5 facilities
Fair Labor Association
Peru Peru
: 1 facility
Fair Labor Association
Philippines Philippines
: 12 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Dominican Republic Dominican Republic
: 5 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Singapore Singapore
: 2 facilities
Offshore finance, secret bank account, tax haven, shell companies or free zone(s) Fair Labor Association
Sri Lanka Sri Lanka
: 6 facilities
Fair Labor Association
Thailand Thailand
: 10 facilities
Fair Labor Association
Tunisia Tunisia
: 2 facilities
Fair Labor Association
Turkey Turkey
: 12 facilities
Fair Labor Association
Vietnam Vietnam
: 11 facilities
Fair Labor Association
Zimbabwe Zimbabwe
: 1 facility
Fair Labor Association


http://www.transnationale.org/companies/spiegel.php

[Ian David]

4. And now they'll all have to be put to sleep.

It's so damned near impossible to actually buy real American products anymore that I've just given-up.

[MADem]

2. I like stuff from LL Bean better. I've got stuff from them I've had for twenty or more years. NT

[ixion]

5. yeah, LL Bean has been one of my favorites for years

since the 70's...

[Dappleganger]

6. *sniff*

One of the few stores who carries tall women's clothing which actually look decent on my sister and myself.