Active Ride Shop, a retailer that weathered the economic ups and downs of the last three decades and introduced many SoCal kids to surf, skate and streetwear brands like Volcom, RVCA and the Hundreds along the way, is headed to the auction block next week
According to a legal notice published Friday in The Times, Malibu-based GemCap Lending I is putting the intellectual property , store fixtures, inventory and accounts receivable on the auction block on Jan. 22. Active Ride Shop’s corporate entity is Active Holdings LLC, whose parent company is Chatsworth-based apparel manufacturer APS Global.
John Wallace and his son, Shane, opened the first Active Ride Shop in Chino in 1989 to cater to the burgeoning Southern California skate market, following it up with store No. 2 in Rancho Cucamonga in 1991. By the time it notched its 20th anniversary, Active had grown its footprint to 29 stores. That was the same year it filed for Chapter 11 bankruptcy. Acquired out of bankruptcy auction by a new owner, it changed hands a few times before being acquired by APS Global in 2018.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Increasingly active Philippine volcano raises fears of new, bigger eruptionPhilippine schools close and flights are canceled as a volcano near Manila spews lava and ash for a third day, prompting fear of a bigger eruption.
Read more »
Acrobat announces wire walk over an active volcano for next big stuntAcrobat daredevil Nik Wallenda, best known for his daunting high-wire stunts, announces his next big stunt will be the highest and longest walk to date.
Read more »
Daredevil Nik Wallenda to make 1,800-foot wirewalk over active volcano on live TV“It is by far the most dangerous walk I have ever attempted, and that alone makes it very intimidating,” Wallenda said.
Read more »
Opening Ceremony to Close All Retail Locations 'Some Time in 2020'Across the world, e-girls and fashion interns are crying into their discounted Kenzo sweaters and Acne t-shirts, because fashion retailer Opening Ceremony is officially shuttering its retail locations after being acquired by competing retailer Farfetch’s New Guards Group, which it acquired in August 2018 for $675 million.\n
Read more »
Opening Ceremony Is Closing All StoresIt's another sad day for fashion retail.
Read more »
Opening Ceremony Is Closing All Its StoresThe brand is ceasing operations as a retailer and will operate as a fashion collection moving forward.
Read more »