Eddie Bauer and Pacific Sunwear, both owned by private-equity firm Golden Gate Capital, could merge in a play that would shrink store count from their combined 700 locations, sources told Reuters.
Golden Gate acquired Eddie Bauer out of bankruptcy protection in 2009 and Pacific Sunwear also out of bankruptcy proceedings in 2016
Eddie Bauer has hired investment banks to explore strategic alternatives, including a potential sale, but wasn’t able to complete a deal, the report said.
A source told Reuters that Golden Gate has not yet decided whether to combine the two companies and its plans for the retailers could still change.
Photo courtesy Eddie Bauer
