Under the approved agreement, a joint venture group comprised of the holders of the company’s 8 percent second lien secured notes due 2021, Great American Group and Tiger Capital Group, will acquire the inventory and select assets from Bon Ton Stores.
The company is currently orchestrating a winding-down of operations for Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers; however, the company’s stores, e-commerce and mobile platforms will remain open throughout the store closing sales.
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