Tuesday, May 29, 2018

Eddie Bauer And Pacific Sunwear Consider Merging, Slashing Stores

Eddie Bauer and Pacific Sunwear of California are mulling a merger and the combined reduction of their store count, Reuters reports, citing anonymous sources.

No number of closures have been specified, but the two currently operate about 700 stores combined.

The process would be facilitated by the fact that both retailers are controlled by the same investor, private equity firm Golden Gate Capital. The investor hasn't decided whether to go forward with the consolidation yet.. . . more

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