Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company’s North American brick and mortar operations, which include retail and outlet stores across the US and Canada.
The company has entered into a restructuring support agreement (RSA) with secured lenders to pursue a dual-path strategy: initiating immediate liquidation sales at physical locations while simultaneously seeking an expedited sale of the business as a going concern.
Structural insulation of digital and global assets
In a strategic move to protect the brand’s high-performing segments, the restructuring excludes several…