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Outdoor apparel retailer Eddie Bauer yesterday announced plans to reorganize under Chapter 11 of the Bankruptcy code. The filing asks the court for permission to sell the company to private equity firm CCMP Capital Advisors and continue retail and catalog operations, including honoring its gift cards.
Eddie Bauer sells its gift cards and e-cards into the incentive and corporate markets channel, and is a member of the Incentive Gift Card Council.
Citing concerns about its ability to meet debt payments, the Seattle-based firm, established in 1920, asked the U.S.
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