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    MEC Sold to Private Investment Firm in the U.S.

    On Monday, Mountain Equipment Co-op announced that Kingswood Capital Management would be acquiring all of its assets. 

    MEC explained that the Los Angeles-based private investment firm’s deal was essential to ensure a stable future for the retail chain. 

    The conversion from a co-operative to Kingswood subsidiary will make MEC’s balance sheet stronger, conserve jobs, and keep stores open.

    Read more from the News Source HERE