Slide #3
The group behind Filene's Basement has declared Bankruptcy. Syms Corp and it's subsidiaries have filed Chapter 11 petitions in a bankruptcy court in Delaware with the full intention to dissolve the business!
'After careful consideration has come to the conclusion that a bankruptcy filing and liquidation is the best way of maximizing value for all stakeholders.'All 46 stores will face liquidation during the holiday season. [Bloomberg] [Photo via]
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