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Article Date: May 2021
Word Count: 245

PSEB Sells Eddie Bauer, Resets PacSun Management


Authentic Brands Group and the SPARC Group, a joint venture between ABG and mall-owner Simon Properties, is buying 300-door outdoor and casual retailer Eddie Bauer from Golden Gate Capital-owned PSEB Group. SPARC already owns Brooks Brothers, Lucky Brand, Nautica, Aéropostale and Forever 21, generating a combined $8.6 billion in sales. Terms were not disclosed for the deal, which is expected to close by June 1. Golden Gate acquired bankrupt Eddie Bauer in 2009, then added PacSun after its own bankruptcy in 2016, and rolled them both into the new entity, PSEB Group, two years later. Eddie Bauer president Damien Huang ... Log in to view full article.

 


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