1. The Bon Ton files for bankruptcy, but plans to keep sole Mass. location in Westfield open | masslive.com

    The Bon Ton files for bankruptcy, but plans to keep sole Mass. location in Westfield open | masslive.com

    Department-store chain The Bon-Ton Stores Inc. filed for Chapter 11 bankruptcy protection Monday, less than a week after announcing plans to close 47 stores across its chain.  That list doesn't include the Bon-Ton in the Westfield Shops, the chain's only Massachusetts location.  Chapter 11 of federal bankruptcy law buys a company time by protecting them from creditor lawsuits.  Bon-Ton told investors Monday it has a commitment from its creditors for up to $725 million in financing which could allow the company to operate as it restructures.

    Read Full Article

    Login to comment.

  1. Categories

    1. Industry Clusters:

      Aerospace/Defense, Business Development, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Topics Mentioned