Authentic Brands and Simon to Buy Outdoor Merchant Eddie Bauer

Authentic Brands Group LLC and the largest U.S. mall operator agreed to buy outdoor clothing and gear merchant Eddie Bauer, adding another well-known brand to a portfolio of retail names.

Authentic and SPARC Group LLC are acquiring Eddie Bauer, including its 300 stores and e-commerce business, from a unit of Golden Gate Capital, according to a Friday statement. SPARC is a joint venture between Authentic and Simon Property Group. Terms weren’t disclosed.

The purchase is the latest in a series of retail deals for Simon and Authentic, which once restricted itself to buying just brands rather than brick ...