Spiegel (catalog) - The New Millennium

The New Millennium

After years of economic decline the company suffered large financial loses and changed ownership three times within ten years. The inability to stabilize management and its infrastructure crippled the billion-dollar empire.

In 2003, Spiegel filed for reorganization under the bankruptcy code. The following year, a group headed by Golden Gate Capital Partners and Pangea Holdings Ltd., purchased the Spiegel and Newport News catalog businesses. At the same time, the reorganizing company retained its Eddie Bauer unit and eventually assumed the name. From 2004, Spiegel and the women's fashion catalog Newport News operated under the name Spiegel Brands, Inc.

In 2008, Spiegel was sold to an investment group led by Granite Creek Partners. In June 2009, Spiegel became a Lynn Tilton company following its sale to the private equity fund Patriarch Partners, LLC, and is now operates under the name Spiegel LLC.

New York City now plays host to Spiegel and is home to the new owner Lynn Tilton. A bold, driven and American focused company, the new leadership at Spiegel, under the creative direction of Richard Lowe, is charged with high paced energy to bring the powerhouse heritage of the brand back to the spotlight and into the American home. On September 11, 2012, Richard Lowe, was featured on The Doctors doing the largest, daytime television, fashion make-over in US history. The entire studio audience (approximately 200 people) were transformed with Spiegel fashions and accessories as well as make-up services by L'Oreal and hair stylings by Paul Mitchell. On November 11, 2012, Spiegel was featured on the season finale of Breaking Amish on TLC. Richard Lowe the creative director of Spiegel offered "Kate," an aspiring Amish model, and star from the hit reality show, the opportunity to come and model for the Spiegel Catalog.