Bon-Ton Stores (BONT) : Bankrupt chain postpones auction as investor group makes play to continue business

The Bon-Ton Stores, Inc. (BONT) announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (WPG), pursuant to which the investor group proposes to acquire the Company as a going concern in a Bankruptcy Court-supervised sale process. The Company and the investor group are in the process of finalizing an asset purchase agreement in advance of an auction, which is now scheduled to be held on April 16, 2018.

• http://www.bontonrestructuring.com/

On April 18, 2018, Bon-Ton officially announced Bankruptcy Court approval of an agreement governing the liquidation of the inventory and certain other assets of the Company. As such, Bon-Ton will conduct an orderly wind-down of its operations and is committed to minimizing the impact of this development on our associates, customers, vendors and the communities we serve.


The liquidation process in all Bon-Ton stores began on April 20, 2018, and is expected to run for approximately 10 to 12 weeks. Throughout the store closing sales, our stores, e-commerce and mobile platforms under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates will remain open and serving customers.