Top U.S. mall owner Simon Property Group Inc and Authentic Brands Group LLC have agreed to buy Eddie Bauer, adding the outdoor gear and apparel retailer to a brand marquee housing Aéropostale, Forever 21 and Brooks Brothers.
Authentic and SPARC Group LLC, a venture backed by brand manager Authentic and Simon, are buying Eddie Bauer from a unit of Golden Gate Capital 12 years after the private equity firm acquired the outdoor lifestyle gear maker out of bankruptcy.
Authentic Brands said it will own the clothing brand’s intellectual property and Eddie Bauer will become a part of SPARC’s portfolio of brands following the deal’s expected close by June.
Read more at Reuters
