Eddie Bauer Retail Operator Enters Chapter 11 With Lender Support As Store Wind Down Looms

that retail and outlet locations in the United States and Canada will remain open and continue serving customers as the Retail Company begins its process of winding down certain stores.

If a buyer emerges, the company notes it may depart from a full wind down of operations to facilitate a going concern transaction, but if no agreement is reached, the plan is an orderly wind down of the Retail Company’s store operations.

The retailer has also filed first day motions asking the court to approve consensual use of cash collateral so it can pay employee wages and benefits in the ordinary course of business and otherwise fund operations through the chapter 11 process.

That signals an intent to keep day‑to‑day operations as stable as possible while restructuring moves ahead. E‑Commerce and Wholesale Already Spun Off The filing comes after Eddie Bauer’s retail operator restructured its channel mix earlier this year…