Filene

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An auction was to have begun at9 a.m. Friday, a week aftere the bankrupt discount retailer was sold to an affiliateof Houston-basexd Men’s Wearhouse (NYSE: MW) in a bidding war that lasted severalk hours. Limited and formal objections tothat $67 million deal have sincs been filed in Delaware bankruptcy court, prompting a judgee to send the chain back for auctionb again. Among those objecting to the sale isCrownm Acquisitions, the company that was firs in line to buy Filene’s assets. The company in a filinh this week claimedthe Men’s Wearhouse transaction didn’t follow bidding procedures and described the auction itself as “a travesty.
” Crown claimed that Men’s Wearhouse originallyt said it had no interes t in buying Filene’s assets through an outrighf sale, but as part of a reorganization. Crown said Men’s Wearhouse later swooped in with a bid that was filed after acourt deadline. A hearing following the Friday auctiob is scheduledfor 12:30 p.m., accordiny to court documents. Filene’s Basement sough protection from creditors in May in Delaware bankruptcy months after closingseveralk stores. Columbus, Ohio-based Retail Ventures Inc. (NYSE: RVI), which maintaine a majority stake in discount shoe retailetrDSW Inc. (NYSE: DSW), sold the chain this year to FB IIAcquisitionn Corp.
, a new entity owned by liquidation and turnarounf firm Buxbaum Group.