ACTIVE RIDE SOLD TO INVESTMENT GROUP FOR $5.2 MILLION.
A FL-based investor group was the winning bidder in anauction for the assets of one of California’s leading action sports retailers.The group, reportedly led by a hotel developer named Issa Ladha, plans to keepthe company in its Miro Loma headquarters and under the management of theWallace family, founder John and son Shane. Earlier in the process, Zumiez hadevidently offered $7.2 million for the chain, but was not among the final fivebidders. The new group plans to keep open all 21 stores as well, according toan attorney on ... Log in to view full article.