Eddie Bauer (EDB) Files Chapter 11 as Restructuring Pact with Lenders Announced
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Eddie Bauer LLC, operator of about 180 U.S. and Canada retail and outlet stores, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey. The company entered a restructuring pact with its secured lenders and confirmed all retail locations will remain open during the process. The filing, its third in over two decades, indicates a court-supervised sale process; if no sale is achieved, it will wind down U.S. and Canadian operations. E-commerce and wholesale operations, managed by Outdoor 5, LLC, are unaffected. Authentic Brands Group retains IP and may license the brand to other operators; other portfolio brands continue as usual.
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