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Reports: Gander Mountain preparing to file for bankruptcy

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Gander Mountain is preparing to file for bankruptcy, according to the Minneapolis/St. Paul Business Journal.

According to the Business Journal, a report from Reuters cites unnamed sources familiar with the matter.

Officials with the St. Paul, Minnesota-based hunting and outdoor retailer have hired Minneapolis law firm Fredrikson & Byron and New Brighton-based Lighthouse Management Group as a financial advisory firm as it prepares its filing, the Business Journal is reporting.

Gander Mountain officials declined to comment, with a spokesman telling the¬†Star Tribune: ‚ÄúThey‚Äôve taken a vow of silence.”

CLICK HERE for more on this developing story via the Minneapolis/St. Paul Business Journal.

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