Sport Chalet Incorporated

Sport Chalet sold to Vestis Retail Group

Sport Chalet sold to Vestis Retail Group

Sporting goods retailer Sport Chalet Inc., which was founded in La Cañada Flintridge more than 50 years ago, was sold to an East Coast company that will use the purchase to create one of the nation's largest sporting goods chains.

Connecticut-based Vestis Retail Group will pay about $17 million in cash and assume more than $50 million in debt to acquire Sport Chalet, which operates 51 stores in California, Arizona, Nevada and Utah.

The acquisition ends decades of local ownership of the Sport Chalet chain, which got its start in 1959 when Norbert Olberz and his wife, Irene, bought a small ski and tennis shop in La Cañada Flintridge. They spent the first year...

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