An auction for the company began Monday but has not concluded. Counsel for the second lien noteholders, Sidney Levinson of Jones Day, then spoke for his clients and argued that the stalking horse bid is not a qualified bid, sources add. Saks sold the chain to Bon-Ton in 2006.
Bon-Ton spokeswoman Christine Hojnacki told the Cedar Rapids Gazette the "notices are just of potential closures" and that if stores were to close, a closure date has not been set.
An attorney for Bon-Ton said at a hearing last week that the investor group that signed a letter of intent with the retailer represented "the last and only opportunity for the debtors to continue operating in business". The deal, however, included a number of contingencies and required Bon-Ton to seek court approval for the company to pay a $500,000 work fee as the parties sought to finalize a purchase agreement. The bankrupt department-store chain appears to be heading for liquidation after receiving two bids, both from liquidators, in a court-supervised bankruptcy auction on Monday.
Money from the auction will be used to pay Bon-Ton's creditors.
The Younkers brothers opened their first store - a general store in Keokuk - in 1862.
In addition to the major mall anchors, Bon-Ton stores occupy giant boxes at local shopping plazas, including the Southgate Plaza in West Seneca, on Sheridan Drive in the Town of Tonawanda and on Transit Road in Lockport.
A message could not be left because Kohan's voicemail box was full.
Stores operated by Bon-Ton include Bergner's, Boston Stores, Carson's, Elder-Beerman, Herberger's and Younkers, but most of its stores have histories that predate the parent company. Bon-Ton has 700 employees at its corporate offices in downtown Milwaukee.
So far police have not found any links between Kanagaratnam and Toronto's Church-Wellesley Village or LGBT communities. Investigators say he was identified after they released photographs of the man and appealed to the public for help.
He will miss CSK's next two IPL games against Kings XI Punjab on April 15 and Rajasthan Royals on April 20. CSK's head coach Stephen Fleming also took to Twitter to express his sorrow over the decision.
Tyler Austin slid into second cleats high and cleared the benches after questionable contact with Sox' Short Stop Brock Holt . Trevor Williams (2-0, 1.59 ERA) will take the mound for Pittsburgh, duelling against Kyle Hendricks (0-0, 4.09 ERA).
Mar 30: On Pogba's poor form, Mourinho said: 'Ask him what he thinks about it. "The only way is to go with performance". Manchester Evening News is reporting that Mourinho wants to see his team go a goal down just to see how they respond.
Truman and escorting ships are heading to the Persian Gulf and are scheduled to arrive in about early May", he said. The Syrian government and its ally Russian Federation have denied that such an attack ever happened.
Chamling hailed Ambedkar for his selfless service to the nation and recalled his role in the framing of Indian constitution. He was the person who is responsible for bringing the change in the social perspective.
Cardi called on her family for advice through the tough time and was encouraged by her father to work things out with Offset . I don't have low self-esteem ... "I have to invest so much money on my stage set".
He also said Facebook does not collect information from users' verbal conversations through mobile devices' microphones. Facebook is conducting an internal audit to discover how many third-party apps scraped user data.
A hamburger intentionally topped with a tarantula is attracting customers to a restaurant in Durham, North Carolina. Courageous customers who clean their plates get a tarantula challenge T-shirt - and bragging rights.
Candy (CURRENCY:CANDY) traded 5.8% lower against the US dollar during the one day period ending at 7:00 AM Eastern on March 18th. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Candy using one of the exchanges listed above.
Man Suspected in Sunday Evening Armed Robbery
Words were exchanged between the suspects and homeowner before one of the suspects struck the victim with the muzzle of a handgun. Norfolk Police are looking for a man wanted in connection to three armed robberies and one attempted armed robbery.
Carrie Underwood gears up for comeback at CMAs after injury
Jason Aldean , who was on stage when a gunman opened fire, is up for Entertainer of the Year and Male Vocalist of the Year . Those up for Song of the Year this year are the songs "Body Like a Back Road", "Female", "Tin Man", and "Whiskey and You".
Jets grounded by blizzard, trip for Game 3 delayed
If they keep taking penalties and giving up that many shots Elliott is going to have to be the difference in the series. It didn't take the Flyers almost as long to beat Murray again. "It's not about proving anything", said Elliott.
Manchester City on brink of title after victory
Despite wins over United, Liverpool and Arsenal at Wembley, they were outplayed and outsmarted by City on the night. It ended a 14-game unbeaten run in the league for Tottenham that began after losing at City in December.
Joel Embiid conducts interview in black mask
The record was on Westbrook's mind from the opening tipoff Wednesday as he had just one point and 11 rebounds at halftime. He pulled down his 16th rebound with just over nine minutes left in the third quarter and received a standing ovation.
Comey: John Kelly called Trump "dishonorable" for firing me
Comey also claimed in Senate testimony that he was defamed by the administration over their justification of his termination. But Trump said days later on national television that "this Russian Federation thing" had been a factor in his decision.
Volkswagen CEO could be out in shock management shakeup
Last month, Mueller said that chief executives of big companies deserved high pay because "one always has one foot in jail". Other potential CEO candidates include Volkswagen's trucks chief and Daimler veteran Andreas Renschler.