EMS, Bob's Stores file for bankruptcy

Versa Capital Management bought the company out of bankruptcy just last year.

Eastern Outfitters, the parent company of Eastern Mountain Sports and Bob's Stores, has filed for Chapter 11 bankruptcy protection. British sportswear company Sports Direct International is engaging in talks with the flailing retailer to become a bidder at the bankruptcy auction. Eastern Outfitters is owned by private equity firm Versa Capital Management, which bought the company out of bankruptcy from Vestis Retail Group just last year. (Fortune)