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From: Smiling Bob	6/17/2009 1:50:06 PM
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Eddie Bauer files for bankruptcy protection Eddie Bauer files for Chapter 11 bankruptcy court protection * On Wednesday June 17, 2009, 1:32 pm EDT NEW YORK (AP) -- Eddie Bauer Holdings Inc. is seeking Chapter 11 bankruptcy protection, the latest retail casualty of the recession. The clothing retailer had $476.1 million in total assets and $426.7 million in total debt at the time of the filing Wednesday in the United States Bankruptcy Court of the District of Delaware. The Wall Street Journal reported, citing anonymous sources, that the company is likely to be acquired by private-equity company CCMP Capital Advisors. Bankruptcy rumors had been swirling as Bellevue, Wash.-based Eddie Bauer struggled with slumping sales amid the recession. It reported a loss for the first quarter of $44.5 million. Eddie Bauer and CCMP did not immediately return calls for comment. Copyright © 2008 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.

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