Now, the wait is over. WWD reports that Syms Corp, a discount chain, along with its financial partner Vornado Realty Trust will take over Filene's Basement. The winning bid was $62.4 million.
Men's Wearhouse and Crown Acquisitions also placed bids, and although they offered more money ($64.9 million), Syms/Vornado's bid was for more stores. Sold!