Eddie Bauer assets sold for $286 million

Golden Gate capital won the auction for Eddie Bauer’s assets. Winning bid: $286 million.

No mention as to what effect this will have on their newly launched (possibly newly closed) line, First Ascent, that was supposed to get EB back to their roots and start to distance them from just being another khaki retailer at your local mall. As mentioned before, I don’t foresee that dream ever happening, especially now.

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