Report: Owner of EMS and Sport Chalet to file for bankruptcy

By Stephen Frothingham

MERIDEN, Conn. (BRAIN) — The owner of sporting goods chains Eastern Mountain Sports and Sport Chalet is preparing to file for bankruptcy, according to a report from Bloomberg News.

Citing an anonymous source familiar with the matter, Bloomberg reported Tuesday that Vestis Retail Group, owned by Versa Capital Management LLC, could file as soon as next week.

Vestis, which also owns the Bob’s Stores chain of apparel and work wear stores, acquired …read more

Via:: Bicycle Retailer and Industry News