May 26, 2022
The Zeevo Group team acted as a project manager during GoDigital Media Group’s recent acquisition of two leading US regional retailers, Bob’s Storesand Eastern Mountain Sports, from the U.K.-based Frasers Group plc.
“With the retail industry and its business practices re-emerging from the period of pandemic-induced changes in consumer behavior, the exciting outdoor adventure market segment is poised for a re-energized future and sustained growth,” said Zeevo Group CEO Joey Johnsen. “We’re thrilled to see GoDigital colleagues make such a smart investment in specialized interests with mainstream potential.”
Below is the full text of the press release announcement made by GoDigital Media Group on May 26, 2022.
GoDigital Media Group Acquires Eastern Mountain Sports and Bob’s Stores
Acquisition of Brands and Retailers Builds on Company Model of Content, Community, and Commerce
LOS ANGELES — May 26, 2022 — GoDigital Media Group, LLC (“GoDigital”) has acquired Eastern Mountain Sports (“EMS”), a leading outdoor apparel brand and retailer, and Bob’s Stores (“Bob’s”), a retailer of apparel, footwear, and workwear from U.K.-based Frasers Group plc (“Frasers”). As part of the acquisition, GoDigital has augmented its organization by adding 900 employees, 42 stores, and a warehouse and fulfillment center.
“The acquisition of EMS and Bob’s is a major step in our strategy to generate synergy between content, community, and commerce,” says Jason Peterson, GoDigital’s Chief Executive Officer. “The outdoor adventure and work markets perfectly align with our business model to serve specialized audiences with huge potential. We seek to sell through a combination of owned and operated e-commerce storefronts, third-party digital storefronts, and traditional retail partners. This transaction also presents a great opportunity to apply our prowess in product development, supply chain, and e-commerce across all of our brands.”
Dave Barton, EMS and Bob’s President & Chief Executive Officer, commented: “I am extremely excited that we found the right investors who see the vast potential in our company and have the vision and expertise to help us unlock it. I am confident that our hard work to create a solid foundation will quickly allow us to execute their strategy. I want to thank our partners for their continued support, especially during these very challenging times triggered by the pandemic.”
GoDigital’s leadership team consists of c-suite executives with in-depth retail expertise, hailing from widely recognized global brands such as BCBG, Gap, and Next. With Carlos Cruz, Brands Senior Vice President, as the leader of GoDigital’s commerce team, “he and his team will bring strength, support, and invaluable experience to the current senior management team within EMS and Bob’s,” adds Peterson. “Both companies’ teams have been retained and are pivotal to the continuity of the businesses. They are expected to benefit from our digital expertise, content and community platforms, technology backbone, and global footprint for sourcing and distribution.”
Dentons UK & Middle East LLP represented Frasers and Stubbs Alderton & Markiles LLP represented GoDigital. The transaction’s progress was coordinated by Zeevo Group LLC.
About Eastern Mountain Sports
For more than 50 years, Eastern Mountain Sports (“EMS”) has been helping people of all ages and abilities have more fun outside as a trusted source of top-quality outdoor gear, apparel, and advice. EMS offers consumers a compelling product portfolio consisting of EMS branded products and leading outdoor and active brands such as The North Face, Oboz, Thule, and Columbia. The retailer operates more than 20 locations in seven U.S. northeastern states and has a robust ecommerce platform. www.ems.com
About Bob’s Stores
With a 67-year history of providing families in the Northeastern U.S. with a broad selection of such leading national brands as Timberland, Carhartt, Champion, Under Armour, adidas, Skechers, Levi’s, and others, Bob’s Stores (“Bob’s”) has a strong reputation for affordable prices and comprehensive merchandise offerings. The retailer’s stores are conveniently located in strip malls and power centers, near its loyal customer base. www.bobstores.com
About GoDigital Media Group
GoDigital Media Group (“GoDigital”) is a diversified multinational conglomerate focused on technology-enabled and vertically integrated IP rights management through its operating subsidiaries. GoDigital is focused on the synergy of content, community and commerce across music, video networks, and brands. www.godigitalmg.com
About Zeevo Group LLC:
Zeevo Group LLC (“Zeevo”) provides business, finance and information technology consulting services and products to a broad range of clients representing such key industries as aircraft leasing, technology and consumer products. zeevogroup.com
Direct: +1 760 933 8607