Clothing Retailer Eddie Bauer Will Begin Liquidation Sales - Beritaja

Clothing institution Eddie Bauer will statesman the process of closing its Canadian doors and launching liquidation income arsenic portion of its bankruptcy proceedings.

Eddie Bauer LLC, the usability of the brand’s North American stores, provided a connection to BERITAJA that states the clothing retailer “will behaviour liquidation income astatine its stores while continuing to prosecute an ongoing waste process to behaviour an expeditious, value-maximizing going interest waste of each aliases portion of its shop operations.”

It was besides stated that “in the arena of a sale, the Retail Company [Eddie Bauer] whitethorn depart from a afloat upwind down of operations to facilitate a going-concern transaction.”

Eddie Bauer LLC besides announced Monday that it has revenge for Chapter 11 bankruptcy successful the U.S. and will beryllium looking to make a akin filing successful Canada.

Retail and outlet stores successful the U.S. and Canada will “remain unfastened and proceed serving customers arsenic the unit institution originates its process of winding down definite stores.”

According to Eddie Bauer’s website, location are 31 Canadian locations presently open, pinch much than half located successful Ontario.