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Boscov’s Department Store hopes to stay in the family
Retail chain Boscov’s Department Store has agreed to an asset purchase agreement with a family group led by Albert Boscov and Edwin Lakin. The company filed to reorganize under Chapter 11 in August.
Posted 11/12/2008Bill BriggsPost a comment
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/ Technology
After decades as a family business, Boscov’s days of independence are few
Boscov’s has signed a letter of intent to sell its assets to Versa Capital Management, a Philadelphia-based private equity firm. The final deal is contingent upon bankruptcy court approval or a higher bid.
Posted 09/24/2008Mark BrohanPost a comment
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