Bankruptcy / Closurecritical2016
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Sports Authority
Sporting Goods · owned by Leonard Green & Partners
Sports Authority liquidated all 463 stores after $1.3B LBO
Leonard Green's leveraged buyout loaded massive debt preventing e-commerce and store modernization. All 463 stores closed by August 2016. 14,000 workers lost their jobs.
Store count
Before
463 stores
→
After
0 (liquidated)
Change
-100%
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