February 5, 2018 / 4:06 AM / in 10 months

Department store chain Bon-Ton files for bankruptcy protection

Feb 4 (Reuters) - Bon-Ton Stores Inc filed for Chapter 11 bankruptcy protection to implement a financial restructuring and explore a potential sale of the company, the department store operator said on Sunday.

Bon-Ton received a commitment of up to $725 million in debtor-in-possession financing to support its operations, the company said. (Reporting by Subrat Patnaik in Bengaluru; Editing by Gopakumar Warrier)

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