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Report: Another sporting goods retailer eyeing Chapter 11


The sporting goods industry could be facing another major retail bankruptcy filing.

Vestis Retail Group, parent company of Eastern Mountain Sports, Sport Chalet and Bob’s Stores is preparing to file for Chapter 11 protection, according to Bloomberg.

Vestis Retail Group, which is owned by private equity firm Versa Capital Management LLC, could file as soon as next week, the report said.

The filing would come on the heels of Sports Authority Chapter 11 in March.

Versa acquired regional East Coast chains Bob’s Stores, which operates 35 stores, in 2008 and the 60-store plus Eastern Mountain Sports in 2012. It acquired Los Angeles-based Sport Chalet, which has some 50 locations, in the summer of 2014.

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