Wednesday, June 17, 2009

Eddie Bauer files for bankruptcy protection

Eddie Bauer Holdings Inc. is seeking Chapter 11 bankruptcy protection, the latest retail casualty of the recession.
The clothing retailer had $476.1 million in total assets and $426.7 million in total debt at the time of the filing Wednesday in the United States Bankruptcy Court of the District of Delaware. Some are saying though that the company might be acquired.

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