Reports: Only bids moving forward for Bon-Ton are for liquidation
17 Апреля, 2018, 22:33
WQAD has left voicemail and email messages with Bon-Ton's corporate spokesperson inquiring about the future of the Davenport and Moline stores.
The latest release from Bon-Ton - on April 9 - signaled that the department store chain had been working with US mall owners Namdar Realty Group and Washington Prime Group Inc.to secure a bid that would have kept a large portion of Bon-Ton locations open.
That would mean the end for one of Milwaukee's most iconic retailers and it would put 2,255 Wisconsin employees out of work. The group was not among the bidders at Monday's auction, according to Reuters' reporting. On Monday evening, Kelley Cornish of Paul Weiss for the debtors began the auction by announcing the Hilco/Gordon Brothers bid as the stalking horse bid; counsel for the stalking horse bidder then bid 31 cents of retail value for the inventory, sources say.
Earlier this month, Bon-Ton sent notices to several states warning of potential job losses from store closures if it was forced to liquidate.
York-based Bon-Ton, which has an anchor at Berkshire Mall, Wyomissing, had been working with two mall owners - Namdar Realty Group and Washington Prime Group - and DW Parters, a New York-based credit firm, to try and save the department store chain.
The group signed a letter of intent to purchase Bon-Ton at the bankruptcy auction, outlining the terms of a deal that would have kept the current management team in place and the business operating. Boston Store, for example, was founded in 1897, and Younkers in 1856. Bon-Ton is the parent company for a 260-store chain of retailers in 24 states, including Carson's, Younkers, Elder-Beerman, Bergner's, Boston Store, and Herberger's, as well as the Bon-Ton.
Sports Authority Holdings Inc., apparel chain The Limited Stores LLC and electronics seller hhgregg Inc. are among the chains that have gone out of business recently.
The Bon-Ton bankruptcy papers can be seen here.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна. «» 2007 - 2018 Copyright. Автоматизированное извлечение информации сайта запрещено.
Texas Permanent School Fund accumulated 111,342 shares or 0.03% of the stock. 2,500 are held by Point72 Asset Mngmt Lp. Elkfork Partners LLC's holdings in Domino's Pizza were worth $656,000 as of its most recent SEC filing.
Both worked at Temple University around the time Constand says Cosby drugged and molested her at his suburban Philadelphia home. During cross-examination, Constand struggled to remember why she'd sent them but said she was only trying to help out a friend.
Five years ago, the 10,000-ton, 56-foot Chelyabinsk meteor exploded over Russian Federation with the force of 30 atomic bombs . Andrew Cheng, who led the NASA mission during the year 2000-2001 told Fox News that "It doesn't take a very large object".
On Monday, April 16, the Canadian rapper posted a couple of photographs on Instagram that seem to pertain to his new record. The title is assumed to be a reference to the Scorpio, which is Drizzy's astrological sign since he's born on October 24.
Scotland Yard said officers were working to formally identify the victim and that an investigation had been launched. It follows the fatal stabbings of two people in separate domestic incidents in the capital on Sunday.
The Poetry prize was scooped by Frank Bidart's Half-Light, while Prairie Fires by Caroline Fraser was triumphant for Biography . The multi-Grammy award-winning artist is the first to win the prestigious award from a non-classical or jazz category.
Users of the micro-blogging site from across the world were briefly shown an unhappy robot and a message that the site has broken. Twitter is a popular micro-blogging which allows users to publish short messages of 280 characters or less.
She then continued of the emotional and raw track, "I mean, how many times have we seen The Wizard of Oz? ". As you might know, Blake Shelton has garnered quite a bit of fame for his similar role on NBC's The Voice .
Diesel prices increased, but not as much, during the same period, going up by an average of 3 cents per gallon, OfReg reported. If you go to the gas pump in Baton Rouge today you should notice a slight increase in what you are paying for gas .
This is the man Stormy Daniels says threatened her
Avenatti said that the sketch was created by Lois Gibson , who holds the world record for the most successful forensic artist. The adult-film star said she was threatened with physical violence in 2011 after she tried to go public with the story.
Kenya electoral board commissioners resign over leadership fight
In an interesting turn of events, vocal commissioner Roselyne Akombe threw in the towel seven days to the repeat October 26 polls. The three also questioned the manner in which Chief Executive Officer Ezra Chiloba was sent on a three-month compulsory leave.
Manchester City to avoid ban from CAS
However Velez officials claimed City broke rules because Garre played for a club in Argentina, thus taking the case to the CAS. That gives Pep Guardiola the all clear to continue spending as he plots a defence of the Premier League title next season.
Woman fires gun at Burien police station
The woman was walking behind a business in the 200 block of Castro Street when two men approached her, police said in a statement. He placed it back in his waistband after the assault but never pointed it at her, according to the affidavit.
Harry Anderson of 'Night Court' fame found dead in NC
He became a street performer and reportedly ran a lucrative shell game on the streets of San Francisco for a time. He sold his home in Pasadena, Calif., and moved back to New Orleans, where he had lived in the 1970s.
Castlevania: Grimoire of Souls announced for iOS
Currently, only a handful of people know his true identity as the only being with the power to fight against Dracula. And it sounds like you can revive your allies that have fallen with an ability called Soul Resurrection.
Xiaomi Mi 6X to Arrive In Five Colors
The device will have an 18:9 1440×720 LCD display, though we don't know what size the actual display will be. The device will be unveiled in the Chinese and Indian markets only; if the leaks are to be believed.
Real Madrid chief Butragueno: We want Isco to stay
However, while it did look like a move for David De Gea was out of reach, it looks like Real Madrid may finally be in luck. He has been limited to just two La Liga starts but remains defiant about succeeding at the club.
Nawaz Sharif, Maryam to leave for London tomorrow
However, the former prime minister's son-in-law, retired Captain Muhammad Safdar, was among the attendees in the court. Nawaz Sharif and his daughter Kulsoom Nawaz are facing corruption references in the accountability court.