Dover Saddlery Faces Closure

A well-known equestrian equipment retailer, Dover Saddlery, is gearing up for a going-out-of-business sale at its remaining locations, unless a last-minute deal can be made to save the company. This news comes from reports by the Boston Globe.

Founded 50 years ago, the company once boasted around 30 stores in the U.S., with locations in Moorpark and Moraga, California. However, its more prominent outlets in Laguna Hills and Sacramento have already shut their doors.

Recently, Boston’s Gordan Brothers acquired Dover and is now preparing for liquidation efforts if they cannot strike a deal to salvage parts of the business, as noted by the Globe.

Significantly, Dover has not filed for Chapter 11 or Chapter 7 bankruptcy, according to The Street. The company revealed its financial troubles earlier this month when it issued a warning that 112 employees at its headquarters and distribution center in Littleton might face layoffs between July 7 and July 20.

The closure largely hinges on Dover’s ability to secure funding or find a buyer for the company. Initially established by prominent equestrian riders Jim and David Powers, Dover has grown to become a leading name in equestrian equipment retail.

Unfortunately, if no significant intervention occurs, liquidation sales at the remaining stores could kick off, leading to an uncertain future for loyal customers and the equestrian community alike.