Description: VANCOUVER — The leadership of embattled outdoor retailer MEC considered asking the co-operative’s more than 5.7 million members for funding before making an acquisition deal with an American private equity firm, but decided that approach was “impracticable to impossible,” newly released court documents reveal.

Source: FinancialPost.com

Date: Sep 25, 2020

Link: https://financialpost.com/news/retail-marketing/mec-considered-an-appeal-to-members-for-a-bailout-before-it-agreed-to-a-private-equity-deal

Questions for discussion:

• What do you think of the membership’s effort to save the firm?
• Is this a viable solution that should be given consideration, in your opinion?