Sports Authority faces store closures
03/05/2016
The company filed for bankruptcy in March 2016 with the planned closure of 140 stores. Having abandoned its attempts for a stand-alone reorganisation Sports Authority will now proceed with the sale of all or some of its assets.
Sports Authority is "pursuing a sale of some or all of the business," said a statement. "We have received initial expressions of interest from a number of potential buyers, and we are optimistic about the results of the [sale] process. The outcome of the process will determine whether any additional store closings will be required."
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