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Mountain Warehouse secures $10 million rescue deal for Eastern Mountain Sports

Outdoor apparel retailer Mountain Warehouse has secured a deal to acquire the main assets of bankrupt Eastern Mountain Sports (EMS). The UK retailer has agreed to pay 5 million USD for the New England retailer EMS brand, website, and seven profitable stores. In addition, Mountain Warehouse is set to pay another 5 million USD more for other...

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Mountain Warehouse makes bid for Eastern Mountain Sports assets following bankruptcy

Outdoor apparel retailer Mountain Warehouse has emerged as the stalking horse bidder in an acquisition process of bankrupt Eastern Mountain Sports (EMS), leading to the possible closure of a number of the latter’s stores. Mountain Warehouse did confirm that if the alliance was to go ahead it would continue to operate seven stores under the EMS...

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