Who Bought Filene’s?

by | Last updated on January 24, 2024

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Filene’s Department Store, the former flagship store at Downtown Crossing, Boston (2008) Successor Macy’s

Is Filene’s Basement still in business?

The last Filene’s Basement stores closed permanently on December 29, 2011 . In 2012, private equity firm Trinity Place Holdings acquired by brand copyright to Filene’s Basement. In fall of 2015, Filene’s Basement was reopened exclusively as an online retailer.

Why did Filene’s go out of business?

The discount department store chain, which operates 25 Syms and 21 Filene’s Basement stores, couldn’t cut it amid a sour economic climate and rising competition from larger rivals. Syms filed for Chapter 11 bankruptcy protection Wednesday and said it would shut down all of its stores by the end of January 2012.

Who owned Jordan Marsh?

Industry Retail Headquarters Boston, Massachusetts, Miami, Florida Key people Eben Dyer Jordan, founder Products Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares Parent Federated Department Stores, Inc.

When did Filene’s Basement Boston close?

Filene’s Basement closed its flagship store in 2007 , after Macy’s shuttered the historic Filene’s Building in Downtown Crossing. The retailer continued to close stores until parent company Syms filed for bankrupcy in 2011.

Is Loehmann’s back in business?

Loehmann’s Is Coming Back — as an Online Shopping Site

Now, Esopus has brought on brand development and advisory firm CAK Entertainment Inc to give Loehmann’s a second life. CAK Entertainment Inc will revamp the nameplate and relaunch Loehmann’s in May as an online-only retailer.

What happened to Syms clothing stores?

Syms Corp (styled as SYMS) was an off-price retail clothing store chain, founded by Sy Syms in 1958. ... On November 2, 2011, SYMS and Filene’s Basement collectively filed for Chapter 11 bankruptcy protection . All SYMS and Filene’s Basement stores were closed at the end of December 2011.

Does Federated own Macy’s?

In 1994, Federated took over the department store chain Macy’s. With the acquisition of The May Department Stores Company in 2005, the regional nameplates were retired and replaced by the Macy’s and Bloomingdale’s brands nationwide by 2006. Ultimately, Federated itself was renamed Macy’s, Inc. in 2007 .

Did Jordan Marsh have a bakery?

Like nearly all grand department stores of the era, the Jordan Marsh flagship store in Boston’s Downtown Crossing housed an on-site cafe, or bakery, that served refreshments to shoppers.

Where was Jordan Marsh in Boston?

Advertisement: Established in 1841, Jordan Marsh’s founders moved around for a few years before setting up shop permanently on Washington Street in downtown Boston . The company spent the next century expanding, but went bankrupt in 1996, leaving the brand’s name and downtown location to Macy’s.

Who is the CEO of Loehmann’s?

Consumer-driven, with a strong omni-channel focus, Steve launched three highly successful global ecommerce initiatives as part of his commitment to heading diverse companies: Ashley Stewart, Loehmann’s and WePower Shop, an innovative start-up that leverages the combined power of global communities and social media.

Is Loehmann’s a real store?

Loehmann’s was an American retail company which started as a single store in Brooklyn, New York and grew to a chain of off-price department stores in the United States. ... Loehmann’s filed for bankruptcy in December 2013 and liquidation sales began January 8, 2014.

Who owns Loehmanns Plaza?

Alex Levin , the owner of Loehmann’s at 2027 Emmons Avenue, was identified last week as the top bidder on Shops of Grand Avenue, a 298,109-square-foot mall in the city’s downtown area – shutting out a local nonprofit that hoped to turn it into a community space for higher educational institutions to collaborate and ...

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.