Dick's wins auction for U.S. business of bankrupt Golfsmith: Reuters
Dick's Sporting Goods Inc, teamed up with liquidators, won a bankruptcy auction on Friday for the U.S. business of Golfsmith International Holdings Inc with a bid of about US$70 million, sources told Reuters. Dick's plans to keep open at least 30 Golfsmith stores and wind down the rest with liquidators from Hilco Global and Tiger Capital Group, the sources said. Golfsmith, which recently filed for bankruptcy in the United States and Canada, has been backed by OMERS Private Equity since 2007.
24 October 2016•2 mins read
