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Money & Company

Eddie Bauer expected to file for bankruptcy protection

By Andrea ChangStaff Writer 
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Outdoor-clothing company Eddie Bauer could file for bankruptcy protection as early as this week, according to a Bloomberg News report today.

The report cited five people with knowledge of the discussions and said Hilco Consumer Capital and CCMP Capital Advisors had expressed interest in bidding on the company’s assets.

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The Bellevue, Wash., retailer operates about 370 stores in the U.S. and Canada and has reported annual losses for the last three years.

Shareholders rejected the retailer’s efforts to sell the company in 2007, thwarting its planned $285-million sale to two buyout firms.

-- Andrea Chang

Money & Company
Andrea Chang

Andrea Chang is a wealth reporter for the Los Angeles Times. She was previously a Column One editor, the deputy Food editor and an assistant Business editor, and has covered beats including technology and retail. Chang joined the paper in 2007 after graduating from the Medill School of Journalism at Northwestern University. She grew up in Cupertino, Calif.

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