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Finally, Eddie Bauer Emerges From Spiegel Chapter 11

Eddie Bauer Inc. announced yesterday that it emerged from Spiegel Inc.'s Chapter 11 reorganization process under its newly formed parent company, Eddie Bauer Holdings Inc.

After nearly 35 years, the company is once again fully independent. It was previously a wholly owned subsidiary of Spiegel Inc., which filed for bankruptcy March 17, 2003.

Eddie Bauer, Redmond, WA, operates more than 400 stores across the United States and Canada, has joint venture partnerships in Japan and Germany and operates as a cataloger and online at www.eddiebauer.com. It employs about 9,000 people worldwide.

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