Clothing retailer Eddie Bauer LLC filed for Chapter 11 in what marks the chain’s third trip to bankruptcy court. This time, the plan is to sell as many as possible of its 175 stores — which employ about 2,200 people — and liquidate the rest.
The insolvency case comes after the brand’s owner, Authentic Brands Group, moved key licensing agreements to a new operator. Under that change, Outdoor 5 LLC took over Eddie Bauer’s e-commerce and wholesale businesses as well as responsibility for design and product development in the US and Canada, according to a company statement.
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