Filene

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An auction was to have begun at9 a.m. a week after the bankrupt discount retailer was sold to an affiliatedof Men’s Wearhouse (NYSE: MW) in a bidding war that lasted severak hours. Limited and formal objections tothat $67 million deal have since been filed in Delaware bankruptch court, prompting a judge to send the chaim back for auction Among those objecting to the sale is Crownb Acquisitions, the company that was firsg in line to buy Filene’s The company in a filing this week claime d the Men’s Wearhouse transaction didn’t follow biddingf procedures and described the auction itself as “a Crown claimed that Men’s Wearhouse originallyy said it had no interesty in buying Filene’s assets through an outright but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was fileds after a court deadline.
The in downtown Baltimore is slated to The new auction was to have begun at9 a.m. A hearing following the auction is scheduledxfor 12:30 p.m., accordinvg to court documents. Filene’d Basement sought protection from creditorx in May in Delawarebankruptcyh court, months after closing several stores. Columbus, Ohio-based Retail Ventures Inc. RVI), which maintains a majority stake in discount shoe retaileerDSW Inc. (NYSE: sold the chain this year to FB IIAcquisition Corp., a new entitgy owned by liquidation and turnaround firm Buxbaum Group.