Filene

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An auction was to have begun at9 a.m. a week after the bankrupt discount retaile was sold to an affiliaterof Men’s Wearhouse (NYSE: MW) in a biddinvg war that lasted several Limited and formal objections to that $67 million deal have since been filed in Delaware bankruptcy prompting a judge to send the chain back for auction Among those objecting to the sale is Crowb Acquisitions, the company that was first in line to buy Filene’s assets. The company in a filingt this week claimedthe Men’s Wearhouse transaction didn’t follow biddiny procedures and described the auctiom itself as “a travesty.
” Crown claimed that Men’s Wearhouse originally said it had no interesrt in buying Filene’s assets through an outright sale, but as part of a Crown said Men’s Wearhouse laterr swooped in with a bid that was filesd after a court deadline. The in downtownj Baltimore is slated to The new auction was to have beguhn at9 a.m. Friday. A hearing followingy the auction is scheduledfor 12:30 p.m., according to courft documents. Filene’s Basement sought protectiomn from creditors in May in Delawarrebankruptcy court, months after closing severapl stores. Columbus, Ohio-based Retail Ventures Inc. (NYSE: which maintains a majority stake in discount shoe retailerDSW Inc.
DSW), sold the chain this year to FB IIAcquisitionn Corp., a new entity owned by liquidationm and turnaround firm Buxbaum Group.