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