Summary
The Filene's Basement store in Paramus got a new lease on life Monday, after a winning bid by its discount competitor Syms Corp. and its landlord at Bergen Town Center, Vornado Realty Trust, to buy the bankrupt retail chain.
The Paramus store, and the Filene's Basement at Jersey Gardens mall in Elizabeth, will remain open, along with all of the 20 other Filene's Basement locations, as a result of a new round of bidding for the bankrupt chain Monday in which Syms and Vornado beat out Men's Wearhouse.See the full content of this document
Extract
Syms Deal Will Keep 2 Filene's Stores Open
Secaucus-based discount clothing chain Syms and real estate powerhouse Vornado joined together to s...
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