Headlines

Jos. A. Bank to Acquire Eddie Bauer Brand

Deal is said to be worth $825M

Published

10 years ago

February 14, 2014

steve kaufman

Jos. A. Bank Clothiers Inc. (Hampstead, Md.) has closed a cash deal for Everest Holdings LLC (Scottsdale, Ariz.), parent company of the Eddie Bauer brand.

The cash plus equity deal is said to be worth around $825 million.

Eddie Bauer, a 94-year-old company that was once a force in the outdoor apparel and equipment field, filed for bankruptcy in 2008 and has had a variety of ownership relationships since then.

Ir still operates 370 stores around the country.

The deal presumably puts an end to the back-and-forth acquisition attempts between Jos. A. Bank and Men’s Wearhouse Inc. (Houston).

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