Final Bids Expected for Eddie Bauer
Four private equity firms are expected to submit final bids today for casual retailer Eddie Bauer Inc., with offers topping $1 billion, sources familiar with the situation said.
Apollo Management, Bain Capital, Credit Suisse First Boston’s private equity arm and Kohlberg Kravis Roberts & Co. are expected to bid on the 83-year-old retailer, the sources said.
Eddie Bauer, which is owned by Spiegel Inc., could fetch bids in the range of $900 million to $1.35 billion, sources said. Spiegel filed for bankruptcy protection last year.
Spiegel, Apollo, CSFB and KKR did not immediately return calls seeking comment. Bain declined to comment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
