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Article: The Spiegel Group Announces Plan to Pursue Sale of Eddie Bauer; Reaches an Agreement to Sell Newport News to Pangea Holdings Limited.
- Article from:
- PR Newswire
- Article date:
- April 6, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Spiegel Group (Spiegel, Inc.) today announced that, as part of its ongoing restructuring process, it has directed Miller Buckfire Lewis Ying & Co. to solicit parties who may be interested in acquiring its Eddie Bauer business. In addition, the company stated that it has reached an agreement with Pangea Holdings Limited (Pangea) to acquire substantially all the assets of its wholly owned subsidiary, Newport News, Inc.
Bill Kosturos, interim chief executive officer and chief restructuring officer of The Spiegel Group, said, "During the past 12 months we have taken targeted actions to strengthen Eddie Bauer's financial performance, closing underperforming ...
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Article: Eddie Bauer site's future in flux: Effect of ...
Columbus Dispatch (Columbus, OH);
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700+ words
... ... yesterday on possible interest in Eddie Bauer. However, VF, which operates ... apparel and sportswear. Eddie Bauer was founded in Seattle in ... the Spiegel Catalog and Newport News catalog -- and kept Eddie Bauer. The Groveport distribution ...
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