Eddie Bauer hires Goldman Sachs, mulls possible sale
27 May '06
2 min read
Clothing retailer Eddie Bauer Holdings Inc has announced that it intends to explore strategic alternatives to increase shareholder value, including among others, a possible sale of the company.
The company has retained Goldman, Sachs & Co as its financial advisor to evaluate and assist with a possible sale. There can be no assurance regarding the timing of, or whether, this process will result in any sale or other transaction. It does not intend to provide updates or make any further comment until the outcome of the process is determined.
As previously announced, the company plans to hold a conference call with investors following the release of its first quarter financial results. The date, time and dial-in information for the investor call, as well as instructions for accessing the simultaneous webcast, will be provided in a separate public announcement.
Established in 1920 in Seattle, Eddie Bauer is a specialty retailer that sells casual sportswear and accessories for the 'modern outdoor lifestyle.' Eddie Bauer believes the Eddie Bauer brand is a nationally recognized brand that stands for high quality, innovation, style and customer service. Its products are available at approx. 375 stores throughout the United States and Canada, through online and catalog sales.
Eddie Bauer also participates in joint venture partnerships in Japan and Germany and has licensing agreements across a variety of product categories.
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