Gander Mountain Floats: Teams Up With Marcus Lemonis To Keep Some Doors Open
By G. Halek
Well, folks, it looks like Gander Mountain is looking to do some major restructuring. The Sporting Goods franchise had to file for bankruptcy to allow itself to adjust for profitability. The plain speak: Gander was looking for a bid, immediately found none, and went on to try to save the ship by jettisoning some under-performing stores.
Now, we got word that Camping World Holdings, Inc. has acquired Gander Mountain. This may help save the stores and keep doors open.
“The structure of our deal provides much flexibility and will not only allow us to refine the inventory selection and select only those stores which are profitable, or we believe have a clear path to profitability, but will also allow us to immediately offer our comprehensive portfolio of services, protection plans, products and resources to the existing Gander Mountain and Overton customer base and in stores in which we elect to operate,” Camping World CEO Marcus Lemonis said in a statement. “While we are obligated to assume a minimum of seventeen leases, our designation rights will allow us to operate stores and retain employees at a number to maximize profitability.”
So what does this really mean for gun owners …Read the Rest
Source:: Concealed Nation