Eddie Bauer To Be Acquired By Simon Property Group And Authentic Brands Group

Simon Property Group (NYSE:SPG) and Authentic Brands Group have recently announced a deal to acquire Eddie Bauer from a unit of Golden Gate Capital, a private equity firm that acquired the apparel brand out of bankruptcy.

Simon Property Group is a top U.S. mall owner group that currently owns Aeropostale, Forever 21, and Brooks Brothers in JVs with other companies, including Authentic Brands Group. Eddie Bauer will now become a part of the portfolio of brands of Authentic Brands Group, once the deal closes in June.

While the financials about the deal were not disclosed, Authentic Brands Chief Executive Officer Jamie Salter says that “The global outdoor market opportunity has grown exponentially over the last year and we are ready to hit the ground running.”