MEC Sale
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MEC to lay off fewer employees than planned with one store to close, say new ownersThe Vancouver-based company says that 85 per cent of its active workforce will remain on the job once the deal closes, up from a minimum of 75 per cent that Kingswood Capital Management Ltd previously indicated.MoneyOct 9, 2020
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Mountain Equipment Co-op sold to private U.S. investment firmMEC was founded in Vancouver in 1971, and currently has more than five million members and 22 stores across Canada.EconomySep 14, 2020
