×
432
Fashion Jobs
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager - Diagnostic / Healthcare
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Vijayawada
RELIABLE CLOTHING PVT. LTD
Opening For Business Head (Garment Export)
Permanent · Mumbai
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Hyderabad
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Kochi
RISHABH IMPEX
Area Sales Manager
Permanent · Northeast India
NATURES ESSENCE PRIVATE LIMITED
Area Sales Manager- Punjab(Ludhiana)
Permanent · Ludhiana
By
Reuters
Published
Jun 13, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Auction for bankrupt Filene's heats up

By
Reuters
Published
Jun 13, 2009

By Phil Wahba

NEW YORK, June 12 (Reuters) - The auction for Filene's Basement was adjourned until Monday 15 June, the restructuring expert advising Filene's said on Friday 12 June, as rival bidders upped the ante over who will ultimately own the Boston-based discount department store.


Filene's Basement, the "Running of the Brides"

Syms Corp (SYMS.O) and Vornado Realty Trust (VNO.N) had raised their joint bid to $61.3 million from $60 million, said Terry Corrigan of Abacus Advisors, which is overseeing the Boston retailer's restructuring.

A rival bid by Men's Wearhouse Inc (MW.N) and Crown Acquisitions, a New York retail real estate investment firm, had reached $63.3 million, he said.

The bids cover different Filene's stores, Corrigan said, explaining the difference in offers.

Corrigan said he expected the auction to finish on Friday 12 June.

An affiliate of Men's Wearhouse, K&G Acquisition, had submitted the winning bid at an earlier bankruptcy auction to buy Filene's trade name, 17 store leases and its retail inventory for $67 million.

But on Wednesday 10 June, the judge overseeing the case, Mary Walrath, ordered the auction reopened after complaints from rival bidders about the auction process.

Walrath has scheduled a hearing for the sale for Monday 15 June.

Crown had objected to the sale in court documents filed on Tuesday 9 June, saying the original auction, held on June 5, was not run in accordance with bid procedures, was submitted after a bid deadline, and was a "travesty."

Filene's Basement filed for Chapter 11 bankruptcy protection on May 4.

The case is In re: Filene's Basement Inc, U.S. Bankruptcy Court, District of Delaware, No. 09-11525.

(Reporting by Emily Chasan, Phil Wahba and Chelsea Emery, editing by Dave Zimmerman, Ted Kerr and Richard Chang)

© Thomson Reuters 2021 All rights reserved.