retail acquisitions news and archive

Mountain Warehouse secures $10 million rescue deal for Eastern Mountain Sports

Outdoor apparel retailer Mountain Warehouse has secured a deal to acquire the main assets of bankrupt Eastern Mountain Sports (EMS). The UK retailer has agreed to pay 5 million USD for the New England retailer EMS brand, website, and seven profitable stores. In addition, Mountain Warehouse is set to pay another 5 million USD more for other...

Business

Former BHS bosses to pay 110 million pounds to creditors

Dominic Chappell, the former CEO of collapsed BHS, and his colleague at the time Lennart Henningson have been ordered to pay 110 million pounds to creditors after they were found to have breached their corporate duties. The ruling comes eight years after BHS fell into administration, when it was said that the company owed creditors more than one...