Bon-Ton to liquidate: Here’s a map of Elder-Beerman stores closing

Staff
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Staff

Bon-Ton Stores Inc. will liquidate and close all Elder-Beerman locations in the next 10 to 12 weeks, according to the company.

Elder-Beerman has seven locations in the Miami Valley that include a distribution center and a furniture gallery.

Great American Group and Tiger Capital Group —and the holders of Bon-Ton’s second-lien secured notes will acquire the retailer’s inventory and certain other assets, Bon-Ton said in a statement. A bankruptcy court hearing to approve the venture and wind down Bon-Ton operations is set for today.

The bondholder group has wanted all Bon-Ton stores to close since the beginning of the bankruptcy process. Bon-Ton employs about 24,000 people. The company operates roughly 250 stores in 23 states under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers brands.

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Map