SAM Headline News

Pacific Group Resorts, Inc. Submits Top Bid for Jay Peak at $76 Million

PGRI president and CEO Vern Greco shares his thoughts on the acquisition with SAM. SAM Magazine—Jay, Vt., Sept. 8, 2022—Pacific Group Resorts, Inc. (PGRI) made the highest and best final bid to buy Jay Peak, $76 million, following an auction with multiple bidders. PGRI president and CEO Vern Greco told SAM that after three years spent pursuing the acquisition, PGRI is poised to bring renewed stability to the resort and its staff, and tap into its passion and energy. The prevailing bid remains subject to approval by the United States District Court in Southern Florida during a final hearing scheduled for Sept. 16. Judge Darrin P. Gayles, who has presided over the receivership in federal...

SAM Headline News

SIA Retail Audit: August to October sales rose 3.9%

SIN--12/10/03--SIA posted its Retail Audit for the August-October quarter on Tuesday, and it shows a 3.9% sales increase over the same quarter in 2002, based on cash register results at 1085 stores. Ã Specialty stores did very well, doubling sales of ski-and-binding "systems" (thanks largely to a 13% drop in average price) and a 73% rise in ...

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