Eddie Bauer Looking at Options

May 25, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on May 2006 Eddie Bauer Holdings plans 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 adviser to evaluate and assist with a possible sale.

Eddie Bauer Holdings is the parent company that resulted when Eddie Bauer, Inc. emerged from the Spiegel, Inc. Chapter 11 reorganization in June. During the reorganization, the company closed its home stores, and opted to focus on the licensing end of its business for home furnishings.

Lane Home Furnishings holds the license for furniture from Eddie Bauer

In a statement, Eddie Bauer Holdings said there is “no assurance regarding the timing of, or whether, this process will result in any sale or other transaction.” The company does not plan to provide updates or make additional statements until the outcome of the process is determined