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Sport Chalet Sold

Posted: July 2, 2014 2:00 a.m.
Updated: July 2, 2014 2:00 a.m.
 

Vestis Retail Group LLC has signed an agreement to buy Sport Chalet Inc. for $1.20 per share of all outstanding Class A and B shares.

The Santa Clarita retailer on The Old Road is one of 50 sporting goods Sports Chalet stores in the Western U.S.

Vestis owns Bob’s and Eastern Mountain Sports stores. The combined retailers will add up to more than 150 in the Vestis family of stores, representing more than $800 million in total sales in 2013.

Sport Chalet CEO Craig L. Levra will remain in his position as CEO at Sport Chalet and continue to run this business out of Los Angeles, reporting to Vestis CEO Mark Walsh.

Vestis’s corporate headquarters will remain in Meriden, CT.

 

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