Camping World Holdings management reviewed the company’s underperforming assets and business lines and moved to implement plans to restructure operations of its indirect subsidiary Active Sports, a Form 8-K SEC filing said. Active Sports is an online sporting goods retail business.
The plans, when completed, will result in the liquidation of Camping World’s associated Active Sports assets and the closure of the Active Sports business, the filing said.
The total impairment charges associated with restructuring Active Sports business assets is estimated to be between $11 million and $16 million, however none of the charges will directly result in future cash expenditures, the filing said.
Active Sports does business as TheHouse. Camping World purchased the company in July of 2017.