New Filene's Basement owner is reviewing options
Buxbaum Group, the California firm that earlier this week acquired Filene's Basement through FB II Acquisition Corp., a Buxbaum affiliate company, said today that it is reviewing all available options for Filene’s Basement, once a retail icon in the Hub.
Buxbaum's press release included a statement from Scott Rusczyk, president of FB II Acquisition Corp.
No changes to the operations, management, or board of directors of Filene’s Basement have been made, he said. “We are very pleased with the acquisition, and we are working with existing management and the company’s advisors to review all available business options.”
To read a story about Filene's Basement that appeared in today's Globe, please click here.
(By Chris Reidy, Globe staff)