Bellevue, Wash. Eddie Bauer Holdings is reportedly in talks with a couple of potential buyers, according to Bloomberg News and The Seattle Times.
The chain, which operates approximately 370 stores in the United States and Canada, has caught the attention of Gordon Brothers Group and Hilco Consumer Capital. Another party, Hudson Capital Partners, Newton, Mass., may also be in the running to make an offer, the reports said.
While the details were provided by sources familiar with the discussions, Neil Fiske, Eddie Bauer’s CEO; and representatives from Newton, Mass.-based liquidator Hudson Capital; Toronto-based private equity firm Hilco; and Gordon, a Boston-based investment firm, all declined to comment on the potential talks.
Eddie Bauer has had a tough time navigating the shaky economy. The chain has reported annual losses for the last three years, and its stock price dropped approximately 80% in the last 12 months.
The chain planned to hold its annual shareholders meeting Friday.