Headlines

Golden Gate Capital to Buy Eddie Bauer

Price tag for specialty apparel retailer is $286 million

Published

15 years ago

July 17, 2009

VMSD Staff

Eddie Bauer Holdings Inc. (Seattle), which filed for Chapter 11 bankruptcy protection last month, announced that it will be bought by Golden Gate Capital for $286 million. Golden Gate’s offer will be presented for court approval on July 22nd, and the transaction is expected to close in early August.

In a statement, Bauer said the Golden Gate offer “will maintain the substantial majority of Eddie Bauer’s stores and employees in a newly formed going-concern company.” Bauer has 371 stores in the U.S. and Canada.

San Francisco-based Golden Gate is private equity firm with $9 billion in capital under management. Its diverse holdings include majority stakes in the Express retail chain and Romano’s Macaroni Grill.

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