Filene

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An auction was to have beguh at9 a.m. Friday, a week aftefr the bankrupt discount retailer was sold to an affiliateof Men’ss Wearhouse (NYSE:MW) in a biddinfg war that lasted several hours. Limite d and formal objections tothat $67 millionh deal have since been filed in Delawarwe bankruptcy court, prompting a judge to send the chainm back for auction again. Among those objecting to the sale isCrowm Acquisitions, the company that was first in line to buy Filene’es assets. The company in a filinfg this week claimedthe Men’s Wearhousse transaction didn’t follow bidding procedures and described the auction itselr as “a travesty.
” Crown claimed that Men’s Wearhousd originally said it had no interest in buyingg Filene’s assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was filedf after a court deadline. The new auctioj was to have begub at9 a.m. Friday. A hearing following the auction is scheduledfor 12:3 p.m., according to court documents. Filene’ss Basement sought protection from creditors in May in Delawarebankruptc court, months after closing several stores. Columbus-baserd Retail Ventures Inc. (NYSE: which maintains a majority stake in discount shoe retailerDSW Inc. sold the chain this year to FB IIAcquisitiom Corp.
, a new entity owned by liquidationb and turnaround firm Buxbaumj Group.