Vail Resorts Retail Enters Asset Purchase Agreement with Breckenridge Ski Enterprises, Inc. for Three Outdoor Retail Stores on Historic Main Street in Breckenridge, Colorado
BROOMFIELD, Colo. – Oct. 16, 2017 – Vail Resorts Retail (VRR) announced today that it has entered an agreement to purchase the assets of three outdoor retail stores on historic Main Street in Breckenridge, including The North Face, Columbia and Main Street Outlet, from long-time Breckenridge Ski Enterprise owners, Steve and Susan Lapinsohn. Vail Resorts Retail anticipates closing on the assets of the three stores and assuming operations in the same locations as tenants later this month.
“Steve and Susan Lapinsohn are highly respected members of the Breckenridge community and have been providing guests and locals with top-line outdoor clothing and equipment and exceptional service for more than 25 years,” said Greg Sullivan, chief operating officer for Vail Resorts Retail. “We are looking forward to continuing their legacy of providing both the service and retail experience that our Breckenridge guests value and appreciate,” he added.
VRR has a long-standing relationship with The North Face and currently operates 12 stores in three states – Colorado, Utah and California – as well as in Canada at Whistler Blackcomb. VRR also currently operates a Columbia store in Whistler Blackcomb.
“It has been an amazing and gratifying experience to be part of the Breckenridge community for many years, working with such an enthusiastic staff, and growing these shops into exactly the kind of retail experience we would like to have when we’re shopping,” explained Steve Lapinsohn. “It will be bittersweet as we will miss our phenomenal staff and some of the day-to-day operations, from ordering new inventory to helping customers find just the right product. We are also excited to have our stores continue to evolve with a company and current retail leadership team that shares our vision and goals,” added Susan Lapinsohn.
“We’re proud to be continuing the legacy of Steve and Susan through these three successful shops in such a quintessentially Colorado town like Breckenridge,” continued Sullivan. “The setting on a historic Main Street, in an iconic ski town, and with established partners like The North Face and Columbia make it a perfect match.”
“Steve and Susan Lapinsohn are highly respected members of the Breckenridge community and have been providing guests and locals with top-line outdoor clothing and equipment and exceptional service for more than 25 years,” said Greg Sullivan, chief operating officer for Vail Resorts Retail. “We are looking forward to continuing their legacy of providing both the service and retail experience that our Breckenridge guests value and appreciate,” he added.
VRR has a long-standing relationship with The North Face and currently operates 12 stores in three states – Colorado, Utah and California – as well as in Canada at Whistler Blackcomb. VRR also currently operates a Columbia store in Whistler Blackcomb.
“It has been an amazing and gratifying experience to be part of the Breckenridge community for many years, working with such an enthusiastic staff, and growing these shops into exactly the kind of retail experience we would like to have when we’re shopping,” explained Steve Lapinsohn. “It will be bittersweet as we will miss our phenomenal staff and some of the day-to-day operations, from ordering new inventory to helping customers find just the right product. We are also excited to have our stores continue to evolve with a company and current retail leadership team that shares our vision and goals,” added Susan Lapinsohn.
“We’re proud to be continuing the legacy of Steve and Susan through these three successful shops in such a quintessentially Colorado town like Breckenridge,” continued Sullivan. “The setting on a historic Main Street, in an iconic ski town, and with established partners like The North Face and Columbia make it a perfect match.”
About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 11 world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher in Australia; Stowe in Vermont; Wilmot Mountain in Wisconsin; Afton Alps in Minnesota and Mt. Brighton in Michigan. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.
About Vail Resorts Retail
Vail Resorts Retail operates 239 specialty stores in and around owned and operated Vail Resorts mountain resorts and urban ski areas, including Vail, Beaver Creek, Whistler Blackcomb, Breckenridge, Keystone, Heavenly, Northstar, Kirkwood, Stowe, Afton Alps, Mt. Brighton, and Wilmot. Shops are also located in select non-Vail Resort’s destinations in Aspen, Telluride and Winter Park. In addition to these mountain resort locations, Vail Resorts Retail also operates in Colorado’s Front Range, Northern California and Minneapolis. These stores focus primarily in winter recreation of ski and snowboard for both retail and rental but also offer gear and services for a variety of outdoor recreational activities, including hiking, camping, biking and more.
Contact(s)
About Vail Resorts Retail
Vail Resorts Retail operates 239 specialty stores in and around owned and operated Vail Resorts mountain resorts and urban ski areas, including Vail, Beaver Creek, Whistler Blackcomb, Breckenridge, Keystone, Heavenly, Northstar, Kirkwood, Stowe, Afton Alps, Mt. Brighton, and Wilmot. Shops are also located in select non-Vail Resort’s destinations in Aspen, Telluride and Winter Park. In addition to these mountain resort locations, Vail Resorts Retail also operates in Colorado’s Front Range, Northern California and Minneapolis. These stores focus primarily in winter recreation of ski and snowboard for both retail and rental but also offer gear and services for a variety of outdoor recreational activities, including hiking, camping, biking and more.
Contact(s)