Boston-based Filene's Basement has filed for Chapter 11 bankruptcy protection for the second time since 2000 and it will never be the same chain again:
http://www.boston.com/business/articles ... _basement/
Filene's Basement files for bankruptcy...again
Moderator: Groceteria
Re: Filene's Basement files for bankruptcy...again
Men's Wearhouse has purchased Filene's Basement in a bidding war. The Filene's Basement brand will live on:
http://www.boston.com/business/ticker/2 ... house.html
http://www.boston.com/business/ticker/2 ... house.html
Re: Filene's Basement files for bankruptcy...again
I'm behind on updating so, for anyone interested, the bidding process for Filene's Basement was re-opened; Men's Wearhouse was dropped, and Sym's ("Where an educated consumer is our best customer") is the new winner/owner of Filene's Basement:
http://www.boston.com/business/articles ... _downtown/
http://www.boston.com/business/articles ... ston_site/
http://www.boston.com/business/articles ... _downtown/
http://www.boston.com/business/articles ... ston_site/