Golfsmith files for Chapter 11 bankruptcy protection

Golfsmith International Holdings, operator of 109 stores in the United States, filed for Chapter 11 bankruptcy protection on Wednesday in Delaware. It plans to continue to operate many of its U.S. stores as it seeks a buyer.  The Austin, Texas-based Golfsmith was purchased by Canada’s Golf Town in 2012. Together they became one of the largest golf retailers in the world. Golfsmith and Golf Town together are owned by OMERS Private Equity Inc., part of the Ontario municipal employees’ pension fund, according to a Bloomberg report.

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