Filene

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An auction was to have begu n at9 a.m. Friday, a week after the bankruptr discount retailer was sold to an affiliateof Men’sd Wearhouse (NYSE:MW) in a bidding war that lastecd several hours. Limited and formal objections tothat $67 million deal have since been filed in Delaware bankruptcy court, prompting a judge to send the chain back for auctio n again. Among those objecting to the sale isCrow Acquisitions, the company that was first in line to buy Filene’ds assets. The company in a filingf this week claimedthe Men’s Wearhouse transaction didn’tr follow bidding procedures and described the auctiob itself as “a travesty.
” Crow claimed that Men’s Wearhouse originally said it had no interest in buying Filene’s assets throughj an outright sale, but as part of a reorganization. Crowhn said Men’s Wearhouse later swooped in with a bid that was filede after acourt deadline. The new auction was to have begunh at9 a.m. A hearing following the auction is scheduleddfor 12:30 p.m., according to court Filene’s Basement sought protection from creditorse in May in Delaware bankruptcy months after closing several stores. Columbus-based Retailp Ventures Inc. (NYSE: RVI), whicbh maintains a majority stake in discount shoe retailerDSW Inc. sold the chain this year to FB IIAcquisitionb Corp.
, a new entity owned by liquidation and turnaround firm Buxbaumn Group.