Posts Tagged ‘Filene’s’

Bankruptcy Watch – Filene’s Basement

Monday, April 27th, 2009

According to Bloomberg, clothing retailer Filene’s Basement is preparing for bankruptcy.   The company had previously been through bankruptcy in 1999, and is currently owned by a company that specializes in liquidating companies, so this isn’t a huge surprise.   They do intend to try to renegotiate leases with the shopping centers where they are located – which might further push some shopping center operators into problems.