Another 50 Gander Mountain Stores Might Be Spared as Outdoor camping World Renegotiates Leases

Reveals Goal of Operating 70 or More Glimpse Mountain Stores Following Planned Acquisition

Outdoor camping World HoldingsInc. (NYSE: CWH) has gotten approval from the US Insolvency Courts to acquire specific assets of Glimpse Mountain and Overton’s.

As part of the deal, Lincolnshire, IL-based Camping World needed to designate at least 17 realty leases for task to Outdoor camping World or other 3rd parties. It now plans to operate many more than that.

“After evaluating the shops in more detail given that our effective quote in the bankruptcy process, our current objective is operate 70 or more,” said Marcus Lemonis, chairman and CEO of Outdoor camping World. “The current liquidation of the existing Gander Mountain inventory will enable us to begin with a clean slate of what we consider the suitable mix and level of inventory, consisting of the addition of Outdoor camping World and Overton’s offerings where appropriate.”

The last number and places of those stores are still based on Outdoor camping World’s capability to work out lease terms with landlords, Lemonis said.

The value of the winning quote was not divulged. Nevertheless, according to sources cited by the Minneapolis Star-Tribune, the winning bid was about $390 million.

Camping World Holdings Inc. provides brand-new and pre-owned Recreational vehicles for sale through 120 RV super-centers throughout the US.

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