Mountain Sports Files for Chapter 11 Bankruptcy
The parent company of Bob’s Stores and EMS filed for Ch. 11 protection in Wilmington, DE, U.S. bankruptcy court, listing $10 to $50 million in both assets and liabilities. The filing was not a surprise, after president David Barton revealed last week that Mountain Sports’ lenders were refusing to fund payroll and other critical financial obligations, a move that he said “will likely prevent us from being able to operate the business going forward.” Bob’s and EMS were acquired last year by GoDigital Media Group from U.K.-based Frasers Group for $70 ... Log in to view full article.