Eddie Bauer Goes to Golden Gate

Eddie Bauer, the seller of outdoorsy clothing that filed for bankruptcy protection in June, has found a buyer. But it’s not the one it chose going into the Chapter 11 case.Eddie Bauer announced Friday that Golden Gate Capital had won a bankruptcy auction for the company with a $286 million cash offer. That was well above the $202 million offer from CCMP Capital, the private equity firm that a judge had approved as the “stalking horse” bidder. Golden Gate is no stranger to Eddie Bauer. In late 20



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