Gander Mountain, popular gun and hunting store, going out of business

[Crabby Appleton]

29. More info about Marcus Lemonis involvement

http://www.indystar.com/story/news/2017/05/07/gander-mountain-closing-not-so-fast-says-new-owner-marcus-lemonis/101402750/

Over the weekend, news spread of Gander Mountain closing all of its remaining stores, worrying employees and loyal customers that the longtime outdoor specialty brand would soon be no more.

But CNBC's "The Profit" Marcus Lemonis, who now owns Gander Mountain, said those reports are untrue and that at least 70 Gander Mountain locations will remain open, including at least two in the Indianapolis area.

"So Gander Mountain filed bankruptcy as you know, and about 10 days ago I bought all of the assets, all of the intellectual property, all of the trademarks, all of the leases and the Overton's business. Except for the fact that I did not buy, intentionally, the inventory that's in the stores," Lemonis told IndyStar Sunday morning. "A liquidator bought the inventory that's in the stores and they have the right to sell that inventory down and out as if it's going away. But the confusing message is whether a store is staying open or not. And ultimately we control the leases ... every single property. And my intention is to keep at least 70 open."