Filene

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An auction was to have begun at9 a.m. a week after the bankrupt discoun retailer was sold to an affiliate of Houston-based Men’s Wearhouse (NYSE: MW) in a biddingg war that lasted several hours. Limited and formalo objections tothat $67 million deal have since been filedd in Delaware bankruptcy court, promptinyg a judge to send the chain back for auctioj again. Among those objecting to the sale is Crown the company that was first in line tobuy Filene’sz assets. The company in a filinh this week claimedthe Men’s Wearhouse transaction didn’t follow bidding procedures and described the auctiob itself as “a travesty.
” Crown claimexd that Men’s Wearhouse originally said it had no interesy in buying 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 filed after a courgt deadline. A hearing followinh the Friday auction is scheduledfor 12:30 according to court documents. Filene’ds Basement sought protection from creditors in May in Delaware bankruptcy court, months after closing severalp stores. Columbus, Ohio-based Retail Ventures Inc. (NYSE: RVI), whicuh maintains a majority stake in discount shoe retailerDSW Inc. DSW), sold the chain this year to FB IIAcquisitio Corp.
, a new entity owned by liquidatiob and turnaround firm Buxbaum Group.