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Monday
Apr082013

Vann's loses lease, will close Missoula and Bitterroot stores

(MISSOULA)- Vann's is announcing plans to close its stores in Missoula and Hamilton after the company was unable to work out a deal to stay in their present locations. 

However, Vann's Acquisition LLC Chief Executive Office Greg Regelbrugge says the retailer still hopes to work out arrangements to return to both markets in the next future. 

Vann's Acquisition had purchased the locally-owned company from founder Pete Vann last year after he'd been forced to come back in and take over the struggling company, which was mired in debt. 

Since then, Regelbrugge says sales have been growing. But he says the company couldn't reach an agreement with Vann, who wanted to sell the stores in Missoula, Hamilton and Kalispell. 

Today Regelbrugge announced the company has been unable to reach agreement to extend the lease. Other attempts to move to a new location in North Reserve also haven't panned out. So Vann's will close in Hamilton by the end of this month, and by the end of May in Missoula. All of the company's business operations will move to Bozeman. 

Regelbrugge is still hopeful of making arrangements to keep the Kalispell operation open in a temporary location. The company's ON Store in the Southgate Mall will remain open. 

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