By  on January 16, 2012

It’s make or break time for Bud Bergren and The Bon-Ton Stores Inc.

Bergren, chief executive officer of the fatigued York, Pa.-based department store chain, has just over a year to show the retailer can turn around operations before it starts running out of time to refinance $480 million in debt coming due in March 2014. It’s a high-wire act playing out as the company looks for a successor for Bergren, who will step up to chairman once a new ceo is found.

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