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Aug

04

Golfsmith Is Considering Filing for Bankruptcy

By Tony Seruga

Jefferies, Alvarez are said to be advising the golf retailer
A sale could come as part of Chapter 11 filing, people said

Golfsmith International, the retailer of golf clothing and equipment, is considering filing for bankruptcy as it looks for a new owner, according to people with knowledge of the situation.

Golfsmith hired the investment bank Jefferies LLC to solicit buyers for the roughly 150-store chain, without success so far, said the people, who didn’t want to be identified because the process isn’t public. The company also hired Alvarez & Marsal to help it restructure, according to the people, who said that a sale could come as part of a Chapter 11 filing…

Golfsmith Is Considering Filing for Bankruptcy

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