Sunday, March 4, 2012

Texas co. buys Filene's Basement at bankruptcy bid

An affiliate of the Houston-based Men's Wearhouse was the successful bidder for the 100-year-old Filene's Basement chain after bidding $67 million for the off-price retailer at a bankruptcy auction.

The K&G Acquisition Corp. will buy the Basement name, 17 to 20 of its 25 stores, all inventory, the lease for the flagship Boston location in Downtown Crossing, and leases for the …

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