Meriden-based Vestis Retail Group said it has filed for Chapter 11 bankruptcy and is shuttering its Sport Chalet stores as well as closing certain Eastern Mountain Sports and Bob’s Stores outlets.
As part of the voluntary reorganization, Vestis has also proposed selling remaining Eastern Mountain Sports and Bob’s locations to funds advised by Philadelphia private equity firm Versa Capital Management LLC, which would acquire substantially all of the company’s remaining assets, pending court approval.
As part of the planned transition, Sport Chalet began store closing sales on April 16, 2016, at all of its locations. Vestis will also close eight Eastern Mountain Sports shops and one Bob’s store.
Vestis will close its Eastern Mountain Sports store in the Corbins Corner shopping center in West Hartford. No Connecticut Bob’s Stores are impacted. Sport Chalet stores are located in Arizona, California, Nevada and Utah.
