Apparel retailer The Spiegel Group took another step closer to unloading all of its retail assets under its bankruptcy restructuring plan by agreeing to sell its namesake Spiegel Catalog unit for $31 million to Pangea Holdings Ltd., the same company buying Spiegel’s Newport News unit for $25 million, Spiegel said. The deal leaves Spiegel with only its Eddie Bauer brand, which is also up for sale.

“This action is an important step as we continue to make progress toward developing a plan of reorganization, while focusing on maximizing the value of the estate for our creditors,” said Bill Kosturos, Spiegel Group’s interim CEO and chief restructuring officer. Geralynn Madonna, president and CEO of Spiegel Catalog, which includes several catalogs and Spiegel.com, said Spiegel will work toward a smooth transition to Pangea so as not to interrupt service to customers.

The agreement to sell Spiegel Catalog to Pangea will not close before the second half of next month to allow time for additional bidding on Spiegel’s assets according to Bankruptcy Court rules.

Spiegel entered into an agreement with Pangea on May 11 to sell Newport News, which includes catalogs and Newport-News.com. That transaction is expected to close next week, a Spiegel spokeswoman says.

Spiegel, which was founded in 1865, will continue to seek a buyer for the Eddie Bauer brand through investment firm Miller Buckfire Lewis Ying & Co., which also handled the Newport News and Spiegel Catalog deals.