Men

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The restructuring team for the chaih this weekend disclosed the bidfrom Men’sx Wearhouse (NYSE:MW) affiliate The company picked up 17 to 20 Filene’z store leases, including those for both its Ohio shops, inventor y from the chain’s 25 remainin g stores, leases for its Burlington, headquarters and an Auburn, Mass., distribution and the company’s trade name. The five to eighft Filene’s stores that won’t be picked up in the auctiomn are expected to be closed in thecoming Filene’s said the “vast majority” of its more than 1,600 employees will be spared as a result of the K&f bid.
The company employs 105 at its Columbuxs store and 43 ata Cleveland-area K&G’s bid won out over a “stalking bid by asset management firm , which had agreed in bankruptcyy court last month to snap up 17 of the discount retailer’zs remaining 25 stores for $22 million. Filene’xs Basement sought protection from creditors in May in Delawaredbankruptcy court, months after closing several stores. Columbus-based (NYSE: which maintains a majority stakee in discount shoeretailer (NYSE:DSW), sold the chain this year to FB II Acquisitiobn Corp., a new entity owned by liquidation and turnaround firm .