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Originally published June 17, 2009 at 12:34 PM | Page modified June 17, 2009 at 2:14 PM

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Eddie Bauer timeline

Eddie Bauer timeline

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1899: Eddie Bauer is born on Orcas Island.

1920: Bauer opens Eddie Bauer's Tennis Shop, a racket-stringing business inside a sporting-goods store in downtown Seattle.

1934: Company secures U.S. and Canadian patents on the Bauer Shuttlecock, which remains the standard for the sport today.

1936: Eddie Bauer manufactures innovative goose down insulated jacket, the Skyliner.

1942: U.S. Army Air Corps commissions the Eddie Bauer B-9 Flight Parka. More than 50,000 jackets were made and worn for warmth during altitude flights.

1945: Eddie Bauer issues first mail-order catalog.

1963: Eddie Bauer outfits Jim Whittaker, the first American to summit Mount Everest.

1968: Founder Eddie Bauer retires, selling business to trusted friend and partner William Niemi and his son.

1970s: Company's focus shifts from expedition gear and apparel to casual lifestyle apparel.

1971: Food conglomerate General Mills buys company for more than 300 million shares.

1983: Eddie Bauer begins partnership with Ford to produce Eddie Bauer Edition Ford vehicles.

1988: Spiegel purchases Eddie Bauer from General Mills $260 million in cash.

1993: Eddie Bauer expands internationally. 1996: Eddie Bauer launches www.eddiebauer.com.

2003: Spiegel files for Chapter 11 reorganization.

2005: Eddie Bauer Holdings spins out of Spiegel reorganization, becoming a stand-alone company for the first time in 34 years.

Dec. 22, 2006: Discloses offer from holding company to pay $286 million in cash, or $9.25 a share, and assume $328 million in debt to take over Eddie Bauer.

Feb. 8, 2007: Shareholders reject buyout offer; Chief Executive Fabian Månsson resigns next day.

July 9, 2007: Retail veteran Neil Fiske becomes CEO.

Jan. 29, 2009: Eddie Bauer announces elimination of 193 jobs, including 71 at its downtown Bellevue headquarters.

March 18: Eddie Bauer says it lost $165.5 million in 2008 after losing $101.7 million in 2007; announces attempts to restructure loans.

May 14: Eddie Bauer reports losing $44.5 million in the first three months of the year.

June 17: Files for Chapter 11 bankruptcy protection; says it has buy offer from Rainier for $202 million in cash, plus assumption of certain liabilities.

Source: Eddie Bauer and Seattle Times staff

Copyright © 2009 The Seattle Times Company

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Comments (2)
Or be resurrected by someone visionary, like they did with Harley Davidson and hope to do with Saturn. But by all means keep the hate from your...  Posted on June 18, 2009 at 6:52 AM by certaindoom. Jump to comment
What a disaster of a company. My wife worked with them in 1988 when they still sold fly fishing gear and decent outdoor gear in the downtown...  Posted on June 17, 2009 at 8:10 PM by dgbroadview. Jump to comment


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