Eastern Mountain Sports, Bob’s Purchased By UK Retailer Sports Direct

After their parent company went bankrupt twice in one year, sporting goods chains Bob’s and Eastern Mountain Sports have a new owner: Sports Direct, which already operates hundreds of stores in Europe and has had its eye on U.S. expansion for a while.

If the company manages to not become insolvent within ten months, it will be an improvement over the company’s past leadership and financial position.

The UK-based retailer, which is paying $101 million to acquire the remaining Eastern...

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