Discount clothing retailer Syms Corp, famous for saying educated consumers were its best customers, filed for bankruptcy on Wednesday along with its Filene's Basement chain and both plan to go out of business.
The Italian fashion house Fendi won a court victory when a Manhattan federal judge ordered Filene's Basement to stop selling handbags and other goods bearing the Fendi name or trademark without permission.
Outdoor apparel retailer Eddie Bauer Holdings Inc filed for bankruptcy for the second time in six years and said it would seek court approval to sell its assets to private equity firm CCMP Capital for $202 million.
Discount apparel retailer Syms Corp said it expects to close its purchase of bankrupt retailer Filene's Basement Inc. as early as Thursday 18 June. Approval of the sale is subject to a hearing set for 5 p.m. EDT Wedne...