Department store chain Bon-Ton files for bankruptcy protection

(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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