Bon-Ton to liquidate, close all stores*

[retailisking]

After Bon-Ton loses on a key motion, the top bid from a consortium of second-lien bondholders and liquidation firms is in the driver's seat
https://www.retaildive.com/news/breaking-bon-ton-may-be-headed-for-liquidation-after-losing-key-bid-condit/521136/
http://www.mcall.com/business/mc-biz-bon-ton-investor-group-work-fee-rejected-20180411-story.html

*Modified subject line to reflect Bon-Ton's imminent liquidation

[retailisking]

The going-concern bid never materialized, so it's liquidation. All that remains to be determined is which of the liquidation bids is the winner.
https://www.reuters.com/article/us-bon-ton-stores-bankruptcy/u-s-department-store-chain-bon-ton-heads-to-liquidation-sources-idUSKBN1HO0BL

[MikeinBuffalo]

I always liked Bon Ton. Fancier than JC Penny but not as snobby as Macy's. Right in the middle. This also hurts as a Buffalo native because our beloved AM&A's chain was bought by Bon Ton and we feel that AM&A's spirit lived on through them.

[esw01407]

Disappointing but not unexpected outcome. Lots of empty stores hitting the market in the next few months.

[retailisking]

Court has approved the liquidation bid. Bon-Ton Stores is no more.
https://www.retaildive.com/news/bon-ton-lenders-pushing-for-liquidation-prevail-at-auction/521624

[retailisking]

http://www.cpbj.com/article/20180508/CPBJ01/180509901/liquidators-hire-firm-to-sell-more-than-230-bonton-properties