Lax World closes stores, faces multiple lawsuits four years

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Lax World closes stores, faces multiple lawsuits four years

New postby petrosscowl on Wed Nov 08, 2017 4:46 pm

from Baltimore Business Journal/Inside Lacrosse:

"Exclusive: Lax World closes stores, faces multiple lawsuits four years after its sale
By Holden Wilen
Reporter, Baltimore Business Journal

http://www.insidelacrosse.com/article/b ... uits/50762

Baltimore Sun

http://www.baltimoresun.com/business/bs ... story.html

"Lacrosse retailer LAX World has closed all 16 of its stores, including the original Towson location, and shut down its corporate headquarters in Cockeysville.

The chain, started in 1988 as the nation’s first store dedicated to the growing sport, had been expanding since being sold four years ago by founder Jim Darcangelo to a LAX World executive and two former Jos. A. Bank Clothiers Inc. executives.

Besides Towson, it operated stores in Annapolis, Timonium, Ellicott City and Bel Air, and in Virginia, New York, Georgia, Colorado and Washington state.

As of Thursday, all stores were closed, but the website appeared to be taking new orders.

CEO Frank Barbarino and the company are facing numerous lawsuits from landlords and vendors, according to court records. The company has vacated its warehouse and headquarters in Cockeysville, where doors are locked and an eviction petition from Baltimore County District Court hangs on the door. It says the company owes more than $11,200."


http://foxbaltimore.com/news/local/mary ... -across-us
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