×
3 764
Fashion Jobs
BOOHOO GROUP
us Compliance Analyst
Permanent · MANCHESTER
HARRODS
Manager - Online Administration And Returns
Permanent · THATCHAM
FARFETCH
Senior Legal Counsel - Commercial
Permanent · LONDON
FRASERS GROUP
Delivery Manager
Permanent · BASINGSTOKE
CROCS
Key Account Manager - Mainstream, Departmental & Value Channel UK
Permanent · LONDON
FRASERS GROUP
Information Security Governance Analyst
Permanent · SHIREBROOK
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
HARRODS
Uniformed Security Officer - Thatcham Distribution Centre
Permanent · THATCHAM
HARRODS
Senior CRM Retention Executive
Permanent · LONDON
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
SELFRIDGES
HR Administrator (Part-Time)
Permanent · ENDERBY
SELFRIDGES
Digital Personal Shopping Content Manager
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · POOLE
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent ·
ZARA
Zara High Wycombe - General Manager
Permanent · HIGH WYCOMBE
NEXT
Operations Manager - Liverpool Aintree Retail Park
Permanent · LIVERPOOL
HEAD OFFICE
Senior Finance Analyst, Commercial Finance
Permanent · BRACKNELL
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · READING
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · CAMBRIDGE
BERSHKA
New Position - Bershka Operations Manager - Stratford
Permanent · LONDON
By
Reuters
Published
May 4, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Filene's Basement files for Chapter 11 protection

By
Reuters
Published
May 4, 2009

BANGALORE, May 4 (Reuters) - U.S. discount clothing retailer Filene's Basement Inc, which was recently acquired by an affiliate of the Buxbaum Group, filed for Chapter 11 bankruptcy protection on Monday 4 May, court documents showed.


A happy couple decked out in clothes bought from Filene's Basement (Photo: www.filenesbasement.com)

In a filing with the U.S. Bankruptcy Court for the District of Delaware, the retailer listed liabilities of up to $500 million and assets of up to $100 million.

Filene's unsecured trade creditors included CIT Group/Commercial Services Inc (CIT.N) and the Jones Apparel Group (JNY.N), while the retailer's landlord creditors included Best Buy (BBY.N) and Federal Realty Investment Trust (FRT.N), according to the filing.

Retail Ventures Inc (RVI.N) last month sold Filene's Basement for no net proceeds, after the discount clothing retailer experienced "significant liquidity problems".

Filene's Basement was started about 100 years ago as a bargain basement for the Filene's department store in Boston to sell its excess merchandise. Federated Department Stores, now called Macy's Inc (M.N), had bought the chain in 1929. (Reporting by Ajay Kamalakaran; Editing by David Holmes)

© Thomson Reuters 2023 All rights reserved.