PORTSMOUTH — Bull Moose, which has been a leading seller of music, videos, games and popular culture items downtown since the era of compact discs, has been sold by its founder to its employees.
Founder Brett Wickard announced the sale of the company to 140-plus employees through an employee stock ownership plan Tuesday.
The Bull Moose store in Portsmouth was the fifth location opened in the chain that now has 11 stores in Maine and New Hampshire.
Eligible employees will be granted stock ownership by Bull Moose’s ESOP Trust, which owns 100% of Bull Moose after buying out Wickard, according to a company press release. Employee owners will be represented by an ESOP Committee to whom the board of directors will report. Through the transition, Wickard will remain the Interim CEO and chair of the board, according to the release.
To read more, visit seacoastonline.com/story/business/2022/01/05/bull-moose-music-stores-nh-and-maine-sold-to-employees/9088644002.
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