7-20-09
To all EBI Suppliers,
Friday last week, Eddie Bauer completed the planed auction as part of the previously shared bankruptcy proceedings. There was very strong interest in acquiring Eddie Bauer with seven parties involved in the bidding process. Golden Gate Capital, a private equity company, had the highest and best offer for the company with a final bid of $286 million USD in cash. Attached please find a letter from Eddie Bauer’s CEO, Neil Fiske, to you our valued supplier. The next and final step in the process is to get formal court approval on the final bid which is scheduled for July 22nd.
We would like to thank you for your patience through out this process and are confident about what the future will hold for Eddie Bauer, Eddie Bauer International, and you as a our valued supplier.
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Best regards Barbara Caalim Managing Director Eddie Bauer International Ltd.
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