Judge orders Filene's to re-auction itself
Friday, June 12, 2009 6:29 AM
Filene's Basement will reopen an auction today to sell itself to the highest bidder after prematurely declaring a Men's Wearhouse affiliate the winner on Sunday.
Filene's Basement, operating under bankruptcy court protection, held an auction last week and announced a winning bid of $67 million.
But bidders Crown FB and Syms accused Men's Wearhouse of not meeting auction requirements. A judge directed Filene's on Wednesday to reopen the process.
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