CNBC star pledges to rescue 70 Gander Mountain stores

Marcus Lemonis, star of CNBC's "The Profit," plans to keep at least 70 of sporting goods chain Gander Mountain's 126 stores open.

"About 10 days ago I bought all of the assets, all of the intellectual property, all of the trademarks, all of the leases," Lemonis said. "A liquidator bought the inventory that's in the stores and they have the right to sell that inventory down."

He noted he controls the leases.

"My intention is to keep at least 70 open," he said.

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