Latest Breaking News
In reply to the discussion: Gander Mountain, popular gun and hunting store, going out of business [View all]Kathy M
(1,242 posts)"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," Lemonis said.
Under the terms of the deal, Camping World will assume a minimum of 17 stores leases with options to keep the others open based on profitability. Lemonis told the Wall Street Journal that it's likely at least half of Gander's 160 stores won't survive. "
http://www.al.com/news/index.ssf/2017/05/camping_world_buys_gander_moun.html
Starting in fall of 2015 .... " Cabela's gave no details of what changes it might consider, saying only that it would weigh "a wide range" of options. Reuters reported in November that rival Bass Pro Shop has considered a bid for Cabela's. "
https://www.usatoday.com/story/money/2015/12/02/cabelas-strategic-alternatives-outdoor-shop-elliott-management/76654306/
In 2017 article ..... " It's been a little over four months since outdoor-gear retailer Cabela's Inc. agreed to a $5.5 billion takeover by closely-held rival Bass Pro Shops at a mammoth premium, valuing it at $65.50 apiece. "
" The deal is undergoing additional review by the U.S. Federal Trade Commission. The merger's chances may be dented by the fact that one competitor of the two chains, Gander Mountain & Co., is reportedly preparing to file for bankruptcy. "
https://www.bloomberg.com/gadfly/articles/2017-02-15/cabela-s-bass-pro-deal-is-salvageable-and-pessimism-is-overdone