AABP EP Awards 728x90

Younkers owner Bon-Ton heads to liquidation, sources say

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

Reuters: Bon-Ton Stores Inc., the bankrupt owner of Younkers and other regional department stores, will go out of business after the only bidders competing at the Monday start of its court-supervised auction were liquidators, two sources familiar with the matter told Reuters. Bon-Ton had been working with U.S. mall owners Namdar Realty Group and Washington Prime Group Inc. to secure a bid that would have kept open a large portion of Bon-Ton locations. Meanwhile, KCCI reported Iowa Workforce Development documents indicate seven Iowa Younkers stores, including Jordan Creek and Merle Hay mall sites, plan to close.

momentum brd 090123 300x250