West Marine avoids court proceedings

If you’ve noticed barren shelves at your local West Marine (like we have), this report by SGB Media might explain why…

West Marine agreed to restructure roughly $800 million of the company’s debt in out of court proceedings with the assistance of L Catterton, its private-equity owner, sources told the Wall Street Journal.

The Fort Lauderdale, FL-based boating and fishing suppliers retailer, with 230 stores in 38 states, continues to struggle with supply chain challenges, extreme weather events due to climate change, and reduced demand compared with pandemic peaks. – Full report