Hilco Consumer Capital has expressed interest in acquiring Eddie Bauer Holdings, which may seek bankruptcy within the next week. CCMP Capital Advisors, a private equity firm based in New York, may also make an offer. Eddie Bauer is reportedly being advised by Peter J. Solomon Co.
Eddie Bauer has posted annual losses the past three years, with a reported loss of $44.5 million in the first quarter of fiscal 2009, a 25.2% drop from a loss of $19.3 million in the comparable period last year. At the end of the quarter, the company had $187.9 million in long-term borrowings and $2.62 million in cash.
Eddie Bauer emerged from bankruptcy in 2005, two years after parent Spiegel filed for bankruptcy protection.
