Spiegel Plan: Focus on Eddie Bauer

Downers Grove, Ill., Spiegel filed its reorganization plan with the U.S. Bankruptcy Court for the Southern District of New York. The plan contemplates that the business will be reorganized around the Eddie Bauer division of Spiegel, Inc., establishing a new parent company, Eddie Bauer Holdings, Inc. Eddie Bauer will continue to operate through its stores, catalogs and Internet site, and will be headquartered in Redmond, Wash.

Spiegel filed for bankruptcy protection in March 2003.