B.C. court approves sale of struggling outdoor equipment retailer MEC to U.S. firm

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A B.C. court has approved the sale of struggling outdoor recreation retailer Mountain Equipment Co-op to a U.S. private investment firm.
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In an oral ruling Friday, B.C. Supreme Court Justice Shelley Fitzpatrick accepted the sale of MEC to California-based Kingswood Capital Management. She also dismissed an application by the Save MEC group to delay the sale by two weeks, part of an effort to preserve the retailer's status as a co-operative.

The Canadian Press
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