Eddie Bauer hired Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a sale, multiple sources told Reuters.
The outdoor retailer is owned by Golden Gate Capital.
Eddie Bauer filed for bankruptcy in June 2009 and was acquired a month later by Golden Gate Capital. In May, Moody’s Investors Service downgraded the debt ratings of Everest Holdings LLC, the holding company of Eddie Bauer, due to revenue and operating earnings declines amid a highly promotional selling climate.
Photo courtesy Eddie Bauer
