Wednesday, September 6, 2017

Department store retailer hires turnaround firm

The Bon-Ton Stores Inc.'s struggles may be catching up with it.
The department store retailer has hired AlixPartners to reduce its debt load and provide advice on a turnaround strategy, Reuters reported. Bon-Ton’s debt totaled about $850 million as of July 29, and a portion of the company’s revolving credit facility expires next year, according to the report. The chain's market capitalization is just $15 million.. . . more

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