Filene’s Basement has been acquired by a new unit of the Buxbaum Group just days after being placed on the block.

Filene’s current parent, Retail Ventures Inc., won’t receive any proceeds from the disposition to Buxbaum’s FB II Acquisition Corp. It continues to guarantee the stores’ obligations under its secured credit agreement, which has a balance of $14.2 million.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus