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An Ontario court approved Eddie Bauer's U.S. bankruptcy, allowing its Canadian stores to liquidate.
An Ontario court has recognized the U.S. Chapter 11 bankruptcy filing of Eddie Bauer LLC, enabling the Canadian operations to follow the same legal process as the parent company. The decision affects 24 Canadian stores and about 379 employees, with plans to liquidate North American locations. E-commerce and wholesale operations, managed by a separate entity, and international stores operated by licensees are not impacted. The ruling streamlines cross-border restructuring and provides legal consistency for creditors and stakeholders.
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