SOLD AT AUCTION!
Golden Gate Capital won the bid on Eddie Bauer stores. They purchased it for $286 million this week. This is an example how everything is for sale from cars, real estate up to retail companies. Commercial will be the next industry to take a hit. I shopped at Eddie Bauer about ten years ago. However, my style has changed as I continue to mature. They will keep all 370 stores open. Eddie Bauer has not posted a profit in the last three years. The filed for bankruptcy protection. Golden Gate Capital is very excited about their purchase this week. The company believes that they received a great asset for the price. Everything will be presented to the court next Wednesday for final approval.
I will be writing more posts as more companies file for bankruptcy and get baught at great bargains. This is what makes a free economy work at its best. It is all about supply and demand.
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.
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