bon ton stores news and archive

Liquidators win the bid to close Bon-Ton stores

The Bon-Ton Stores, Inc. has announced that in an auction for the company's assets held pursuant to Section 363 of the US Bankruptcy Code, a joint venture composed of the holders of the company's 8 percent Second Lien Secured Notes due 2021 and Great American Group, LLC and Tiger Capital Group, LLC will acquire the inventory and certain other...

Business

Bon-Ton files for Chapter 11 bankruptcy protection

The Bon-Ton Stores announced on February 4, 2018 that the company has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company added that it is currently in discussions with potential investors and its debt-holders regarding the terms of a financial restructuring...