Dive Brief:
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Dicks Sporting Goods is preparing to bid on bankrupt Golfsmith Internationals U.S. business, challenging an offer from Worldwide Golf Shops (which operates stores under the Roger Dunn Golf Shops, Van’s Golf Shops and Golfers’ Warehouse brands), sources told Reuters.
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Bids for Golfsmith, which filed for Chapter 11 bankruptcy in September, were due on Monday and a winner will be selected after an auction scheduled for Wednesday. A U.S. bankruptcy judge is expected to approve a sale before the holiday shopping season.
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Golfsmith, which is owned by OMERS Private Equity, the buyout arm of one of Canad…
Read the full article at: http://www.retaildive.com/news/dicks-reportedly-preparing-bid-on-bankrupt-golfsmith-stores/428514/