• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Bon-Ton stores to enter liquidation after bankruptcy sale

Bon-Ton stores to enter liquidation after bankruptcy sale

April 18, 2018 By Raymond Neupert

Efforts to save the parent company of Boston Store and Younkers have run out.

The Bon-Ton company has announced that two liquidators were the winning bidders at a bankruptcy auction that was held Monday and Tuesday. Great American Group and Tiger Capital Group are buying the assets for $775 million. A previous bid from a number of mall owners was rejected by a bankruptcy judge for not being a fair or qualified offer.

In a letter to its employees, Bon-Ton officials say the liquidation would take anywhere from ten to twelve weeks. “Bon-Ton will move forward in a constructive manner to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve.”

The liquidation would would affect all Younkers and Boston Store locations remaining in Wisconsin and also close down the Milwaukee headquarters of the company. Those closures will put over 2,200 people out of a job.

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News



Featured Stories

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

Jokic leads Denver in rout of the Bucks

TwitterFacebook

Sports Headlines

Big Ten Men’s & Women’s basketball Tournaments to Allow Limited Fan Attendance

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC