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 Vestis Declares Bankruptcy
Retail | 21.04.2016

Next business failure

Vestis Declares Bankruptcy

Vestis Declares Bankruptcy. Only one of the Bob's Stores is to be closed.
Only one of the Bob's Stores is to be closed.
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The Vestis Retail Group LLC is filing for bankruptcy. The operator of chains Eastern Mountain Sports and Bob's Stores is aiming to thereby restructure itself.

Specific plans allow for eight Eastern Mountain Sports businesses and one Bob's Store to close. The shops by Sport Chalet, which is also operated by Vestis, have already been completely closed.

In an announcement by the Group, what was emphasized was the success had in stabilizing the three chains - Eastern Mountain Sports, Bob's Stores and Sport Chalet. Due to a lack of financial margins, it had to go this way.

"The Sports Authoriy" also had to declare bankruptcy

The goal is for the private equity company Versa, which owns Vestis, to find buyers for Eastern Mountain Sports and Bob's Stores.

The difficulties for American sports retailers are thereby continuing. Most recently, "The Sports Authoriy" also had to declare bankruptcy.



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