Updated: Stalking Horse Bid for Eastern Mountain Sports Approved

August 9, 2024

The Eastern Mountain Sports (EMS) retail brand may survive bankruptcy after the court on Wednesday approved a $5 million stalking horse bid from U.K.-based Mountain Warehouse for some of the remaining stores.

A stalking horse bid is an initial bid on the assets of a bankrupt company. If other bidders emerge with higher offers, the bankruptcy court will decide which bid offers the most return for creditors.

EMS, Bob’s Stores, and their related entities declared bankruptcy in June. The Daily Outdoor Retailer