Tuesday, April 17, 2018

The end of Bon-Ton? Only two bids for parent of Boston Store, Younkers come from liquidators

Journal Sentinal

The only two bids at the start of a bankruptcy auction for department store chain Bon-Ton Stores Inc. were from liquidators, signaling the end for a company that at one time was part of the backbone of Wisconsin’s retail industry, according to reports Tuesday morning.

Reuters, citing two sources familiar with the matter, said Bon-Ton will go out of business without a bid from a going-concern bidder. The New York research firm Reorg Research, also citing sources, likewise reported that two liquidators were the bidders when the auction finally began late Monday night.. . . more