Brief: Camping World Holdings- On March 1, Management Determined To Implement Plans To Exit & Restructure Operations Of Indirect Subsidiary, Active Sports

Camping World Holdings

06/03/2023 14:21

March 6 (Reuters) - Camping World Holdings Inc  CWH.N :
    * CAMPING WORLD HOLDINGS- ON MARCH 1, MANAGEMENT DETERMINED
TO
IMPLEMENT PLANS TO EXIT & RESTRUCTURE OPERATIONS OF INDIRECT
SUBSIDIARY, ACTIVE SPORTS
    * CAMPING WORLD HOLDINGS INC - PLANS, WHEN COMPLETED, WILL
RESULT
IN LIQUIDATION OF PRIMARILY ALL OF ITS ASSETS & CLOSURE OF
ACTIVE SPORTS BUSINESS
    * CAMPING WORLD HOLDINGS INC - CO ESTIMATES TOTAL IMPAIRMENT
CHARGES ASSOCIATED WITH RESTRUCTURING ACTIVITIES TO BE BETWEEN
$11 MILLION & $16 MILLION
    * CAMPING WORLD HOLDINGS INC - CO EXPECTS THAT NONE OF
FOREGOING
IMPAIRMENT CHARGES WILL DIRECTLY RESULT IN FUTURE CASH
EXPENDITURES


Further company coverage:  CWH.N 

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