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Eddie Bauer Considers Sale

REDMOND, WA-The retailer retains Goldman, Sachs & Co. as its financial adviser to evaluate strategic alternatives.

By Dana Dubriwny | Updated on May 25, 2006

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.

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