Dover Saddlery, which claims to be the largest equestrian retailer in the U.S., is expected to close all of its approximately 30 stores unless an “economically viable” deal emerges, according to a report in the Boston Globe.
The report said the chain was taken over by its primary lender, an arm of Prudential Financial, and then sold in late April at a discount to Gordon Brothers, a corporate restructuring and liquidation firm. The Globe reported, “A separate investor group aiming to keep the business going had bid, but lost to Gordon, according to the source, who does not work at the company and isn’t authorized to speak about it.”
On May 7, Dover Saddlery filed…