MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
A bankruptcy judge approved the sale of Active Ride Shop Tuesday to Active Sports Lifestyle USA, LLC, according to Active Sports Lifestyle's attorney.
Joseph Eisenberg also told me today that a few unresolved issues with the landlords of the Thousand Oaks store and Active's Mira Loma headquarters have been resolved. The present plan, he said, is for the new Active Ride Shop owners to go forward with 21 stores and remain in the Mira Loma offices.
I asked if Active's current management would stay with the company and he said that is being evaluated now.
The sale is expected to close today or tomorrow, Eisenberg said.
More information about the new owners, click here.