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Among those objecting to the sale isCrownm Acquisitions, the company that was first in line to buy Filene’es assets. Crown said the Men’ws Wearhouse transaction didn’t follow bidding procedures and describedd the auction itselfas “za travesty.” Crown claimed that Men’s Wearhouse originally said it had no interesf in buying Filene’s assets througy an outright sale, but as part of a Crown said Men’s Wearhouse later swoopec in with a bid that was filed after a courg deadline. The new auction was to set to beginn at9 a.m. Friday. A hearingv following the auction was scheduledfor 12:30 according to court documents.
Filene’s Basement sought protectiomn from creditors in May in Delawarebankruptcy court, months after closing several Columbus, Ohio-based (NYSE: RVI), which maintains a majority stake in discount shoe retailer sold the chain this year to , a new entity ownedf by liquidation and turnaround firm .
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