The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. The bankruptcy filing marks the third time in a little over two decades for the storied-but-now-tired brand that began as a Seattle fishing shop, later outfitted the first American to climb Mount Everest and made thousands of newfangled down jackets and sleeping bags for the military during World War II.
Despite selling Step Distinctive Limited to Rich Sparkle, Lame will remain as the controlling shareholder of the company. "This is not just an equity acquisition, but a revolution in the global content e-commerce model," Rich Sparkle said in a statement. The content creator also signed on for an AI likeness of himself to take shape, allowing more of his multilingual content to be shared on the global stage.
Six Flags is giving one of its oldest licensing agreements a facelift at a California property. On Tuesday, the company announced the transformation of Bugs Bunny World at Six Flags Magic Mountain into Looney Tunes Land, scheduled to open in summer 2026. The goal of the refresh is "to evoke the warm, nostalgic feelings of the Chuck Jones era of Looney Tunes," the park said in a news release.
Based on recent reports from 2025, Douglas Elliman Inc. is not for sale, but it has been the subject of takeover interest. It also recently sold a smaller part of its business. Anywhere Real Estate bid: In May 2025, Anywhere Real Estate reportedly made an unsolicited bid to acquire Douglas Elliman for more than $4 per share. The offer was never accepted, and according to sources, was not expected to be.
Jones Soda's decision to divest its cannabis beverage business comes after a period of experimentation in this emerging sector, indicating a strategic shift back to its core focus.