Anaheim-based retail chain Pacific Sunwear of California is reported to be in talks with Bellevue, Wash.-based sports retailer Eddie Bauer to consolidate their businesses, according to Reuters.
Both retailers are owned by private equity firm Golden Gate Capital.
PacSun emerged from bankruptcy in 2016 under the ownership of Golden Gate following a restructuring plan that converted its debt into equity. Wells Fargo provided a five-year, $100 million revolving line of credit.
Store sales rose 9% this year, Reuters reported.
Eddie Bauer had been in bankruptcy for five years before Golden Gate acquired the outdoor gear and apparel company in 2009 for $286 million. Its same-store sales are up 5%.
