Most US Eddie Bauer stores likely to close as operator preps bankruptcy
Authentic Brands Group, which owns the brand’s intellectual property, last month shifted its e-commerce and wholesale licenses to another company.
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All Eddie Bauer stores to close after failure to find a buyer
The entity running the brand’s locations, which licenses the intellectual property from Authentic Brands Group, filed for bankruptcy last month.
Eddie Bauer files for bankruptcy, begins winding down all stores in the US and Canada
Going-out-of-business sales have begun and, unless the brick-and-mortar operations find a buyer, all 175 locations will close by April 30, per court filings.
Who controls Saks Global’s IP?
Authentic Brands Group now owns 77% of the entity that controls a perpetual master license to Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.
Lee jeans up for sale in surprise Kontoor move
The company also owns Wrangler, which it says will be a $5 billion brand, and last year bought Norwegian outdoor apparel maker Helly Hansen.
Simon Property Group drops effort to evict Saks Global stores behind in rent
The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.