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Bon-Ton bankruptcy auction pushed back until April 16; stores could close if buyer not found

MILWAUKEE — The bankruptcy auction for Bon-Ton, the parent company of Boston Store, Younkers and Elder-Beerman was pushed back to April 16.

It was originally scheduled for Monday, April 9, but it will now happen on April 16.

On Friday, April 6, the company notified state officials 12 stores in Wisconsin could close, along with the corporate office in downtown Milwaukee.

The move would impact more than 2,200 Bon-Ton employees.

If a buyer is found for the company, some or all of the locations could remain open.

Company officials offered this statement on Friday:

‚ÄúWe are¬†required¬†to provide¬†notification under certain state¬†and federal¬†laws¬†of potential job losses even as we work diligently to complete a sale of the Company as a going concern.¬†Bon-Ton¬†is in active discussions¬†with an investor group to acquire the Company in a court-supervised sale process.¬†We are encouraged by the interest in Bon-Ton and¬†we¬†hope that jobs will be preserved through¬†a¬†sale process. We¬†remain committed¬†to¬†pursuing the best path forward for the Company¬†and¬†its stakeholders, including¬†Bon-Ton associates.‚ÄĚ

The potentially affected locations include:

  • Boston Store at Shops of Grand Avenue, Milwaukee
  • Boston Store at Bayshore Town Center, Glendale
  • Boston Store at Regency Mall, Racine
  • Boston Store at Brookfield Square, Brookfield
  • Boston Store at Southridge Mall, Greendale
  • Boston Store at Mayfair¬†Mall, Wauwatosa
  • Bon-Ton corporate office, Milwaukee

Also potentially impacted are:

  • Younkers at Oakwood Mall, Eau Claire
  • Younkers at Shoppes at Woodridge, Marshfield
  • Boston Store at Janesville Mall, Janesvile
  • Boston Store at East Towne Mall, Madison
  • Boston Store at West Towne Mall, Madison