Eddie Bauer, Pacific Sunwear explore merger amid retail downturn [CNBC]
Moody's Corporation (MCO)
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Source: CNBC
Eddie Bauer and Pacific Sunwear of California are exploring a merger. The companies hope to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector. The two sporty retailers have previously succumbed to bankruptcy and are searching for growth. Published 18 Mins Ago Reuters Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, people familiar with the matter said on Wednesday. The two sporty retailers have previously succumbed to bankruptcy and are searching for growth. In a merger, the companies could whittle down their store counts from their current total of nearly 700 together, the sources said. Eddie Bauer and Pacific Sunwear are controlled by a common owner, private equity firm Golden Gate Capital. Golden Gate Capital has not yet dec
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MCO
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- 2/14/24 - Miss
MCO
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- 4/2/24 - Form 3
- 4/2/24 - Form 4
- 3/18/24 - Form 4
- MCO's page on the SEC website