 |
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Wholesale and e-commerce activities are not affected by the wind-down. Authentic Brands Group will continue to own the intellectual property connected to the EB brand, and may license it to other operators.
Marc Rosen, CEO of EB parent Catalyst Brands, said the retail operation faced declining sales and supply chain issues. Inflation and tariff uncertainty exacerbated EB’s dire situation.
Going the Chapter 11 route was a difficult decision but one that maximizes value for all stakeholders, according to Rosen.
Reevemark has Hugh Burns, Renee Soto and Luc Herbowy working the Chapter 11 process.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
