Retail Industry
Industry: Email Alert RSS FeedBRIEFINGS: EDDIE BAUER'S...DIESEL...NNOVO GROUP INC.(Eddie Bauer's shareholders oppose sale to Sun Capital Partners Inc. and Golden Gate Capital)(Diesel to open Los Angeles flagship)(Innovo Group Inc. to acquire Joe's Jeans)
Daily News Record, February, 2007
Eddie Bauer's shareholders put the kibosh on the company's proposed sale to Sun Capital Partners Inc. and Golden Gate Capital last week. In a statement last Thursday, the Redmond, Wash.-based retailer said that an insufficient number of shares were voted in favor of the $614 million purchase at a special meeting. As a result, Bauer said, it will continue to operate as a stand-alone, publicly traded company and its board of directors will "be evaluating appropriate next steps for the company."
Diesel will open a Los Angeles flagship this April at 8401 Melrose Place in the West Hollywood neighborhood. The 3,500-square-foot store is situated on a prime corner location on the ground floor of an 1896 building that formerly housed an antiques business. The flagship...
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