Thursday, July 21, 2016

Bob’s Stores and EMS in new holding company

Versa Capital Management has formed a new holding company, called Eastern Outfitters, which will continue the restructured operations of Eastern Mountain Sports (EMS) and Bob’s Stores.
The news comes several months after Vestis Retail Group LLC, an entity of Versa that operated Bob’s, EMS and Sport Chalet, filed for Chapter 11. The company subsequently shut down Sport Chalet. EMS and Bob’s will now operate as business units of Eastern Outfitters, which will have over $400 million in annual revenue and be headquartered in Meriden, Connecticut. The company will be under the leadership of Mark Walsh, who served as CEO of Vestis and will now hold the same title at Eastern Outfitters.. . . more

No comments: