"According to a person close to the matter, the company that owns the license to operate Eddie Bauer stores in both the U.S. and Canada, Catalyst Brands, is gearing up for a Chapter 11 bankruptcy filing that could potentially shutter all of the brand's North American stores. The bankruptcy would be limited to the entity that operates the stores, the person said."
"Catalyst Brands did not respond to Fast Company 's request for comment. Eddie Bauer operates 180 locations in the U.S and Canada and about 20 international locations-meaning this filing could almost entirely eliminate the brand's physical operations. It would be the second bankruptcy to impact Eddie Bauer, which sought Chapter 11 protection in 2009 in the wake of the financial crisis."
Since 1920 Eddie Bauer built a reputation for outdoor apparel and gear. Catalyst Brands, the licensee that operates Eddie Bauer stores in the U.S. and Canada, is preparing a Chapter 11 bankruptcy filing that could shutter all North American retail locations. The bankruptcy filing would be limited to the entity that operates the stores. Eddie Bauer currently operates 180 locations in the U.S. and Canada and roughly 20 international stores, so the filing could almost entirely eliminate the brand's physical presence. The brand previously sought Chapter 11 protection in 2009 following the financial crisis. Catalyst Brands did not respond to requests for comment.
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