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Filene's Basement sells to Men's Warehouse

Posted Jun 8th 2009 4:40PM by Zac Bissonnette (RSS feed)
Filed under: Deals

An affiliate of The Men's Warehouse (NYSE: MW) has agreed to pay $67 million for 20 of the leases to the 25 Filene's Basement Stores, and will also receive all of the company's inventory, and the rights to its brand.

"We are extremely pleased with the outcome of the auction," Scott Rusczyk, president of FB Acquisition, said in a statement. "If ratified by the court, the Men's Wearhouse bid allows for the continuation of one of the industry's most iconic off-price brands under the aegis of a pre-eminent specialty retailer.

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The week in preview: Are Father's Day gifts coming from DELL, RL, or MW?

Posted May 25th 2008 1:10PM by Andrew Horowitz (RSS feed)
Filed under: Earnings Reports, Dell (DELL), Sears Holdings (SHLD), Polo Ralph Lauren'A' (RL)

Father's Day is around the corner. Why not spend some time looking at the coming earnings and how Dad's Day may have an impact. It is funny to see how many of the companies reporting earnings this week actually have links to Father's Day.

While this column has been obviously bearish of late, there are a few potential winners that may appear, just in time for the big day. Time to stock up on gifts for dear-ole-dad, or get farther away from stocks? You tell me... (by the way, comments and ideas are always appreciated)

Monday, May 26

Markets will be flat. I am certain that stocks on the U.S. Market will close at the exact price they closed last Friday. But what do I know!

Continue reading The week in preview: Are Father's Day gifts coming from DELL, RL, or MW?