Thursday, April 19, 2018

Bon-Ton Stores headed for liquidation

Chain Store Age

The end is in sight for The Bon-Ton Stores.

The bankrupt, 160-year-old department store chain is headed to liquidation after it received a winning bid from a joint venture, including Great American Group and Tiger Capital Group, to acquire its inventory and certain other assets. The winning bid by the liquidators was estimated to be worth $775.5 million, according to Reuters. It is subject to approval by U.S. Bankruptcy Court.. . . more