"Outdoor apparel chain Eddie Bauer's nearly 200 stores in the United States and Canada may soon be on the chopping block. An entity of retail holding company Catalyst Brands, which owns the license rights to operate Eddie Bauer stores across North America, is prepping a Chapter 11 bankruptcy filing, sources familiar with the situation told Business Insider. Eddie Bauer's roughly 180 stores in the US and Canada would be at risk of closure in the potential Chapter 11 restructuring."
"There are multiple parties interested in a portion of the existing North American store fleet, the sources familiar with the matter said. In a Chapter 11 scenario, those interested parties could bid on all or part of the store operating business, according to the sources. Any winning bidder would then acquire the operating business out of bankruptcy and license the rights from Authentic Brands Group - which owns the Eddie Bauer brand and IP worldwide - to operate any remaining Eddie Bauer stores."
An entity of Catalyst Brands is preparing a Chapter 11 bankruptcy filing that would place roughly 180 Eddie Bauer stores in the United States and Canada at risk of closure. Manufacturing, wholesale, and e-commerce operations would not be affected, nor would Eddie Bauer retail outside North America. Multiple parties have expressed interest in acquiring part or all of the North American store operating business. Any winning bidder would acquire the operating business through bankruptcy and then license retail rights from Authentic Brands Group, which owns the Eddie Bauer brand and global IP. Eddie Bauer offers durable outerwear, hiking gear, and travel products.
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