Syms Wins Filene’s Bid
Secaucus, N.J.–based off-price retail chain Syms Corp. won the bid for the assets of Filene’s Basement after several bids for the bankrupt Filene’s were reviewed by its creditors’ committee. Terms of the transaction were not disclosed, but the deal will give Syms access to Filene’s store leases, fixtures and inventory. Syms operates 32 off-price apparel stores located in the Northeast, Middle Atlantic, Midwest, Southeast and Southwest.
