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Story summary
- Eddie Bauer plans to file for Chapter 11 bankruptcy, potentially closing nearly 180 North American stores.
- The Seattle-based retailer, founded in 1920, has struggled with profitability amid changing consumer habits.
- The bankruptcy will not affect Eddie Bauer's international operations or e-commerce.
- Authentic Brands Group will transition licensing to Outdoor 5 for U.S. operations.
- Bidders are reportedly interested in remaining store rights, and some locations could stay open under new management, marking Eddie Bauer's third bankruptcy since 2003.
