Soundness of mind

Did Macys buy filenes?

In 2009, Macy’s acquired Filene’s Basement, a popular Boston-based department store chain. The acquisition expanded Macy’s presence in the Northeast and allowed the company to capitalize on Filene’s Basement’s reputation for providing quality merchandise at discounted prices. The purchase also included rights to the Filene’s Basement name, which Macy’s has used in the past to launch a limited edition private label line.

When did Macy’s buy Filene’s?

Macy’s acquired Filene’s in 2005. Founded in 1881 by Edward A. Filene, Filene’s had grown from a single store in Boston to become a major department store chain. The acquisition expanded Macy’s presence in the East Coast and added more than 40 stores to its portfolio.

Who owns Filene’s basement?

Filene’s Basement is owned by the company Syms Corporation, which is based in Secaucus, New Jersey. Syms Corporation was founded in 1959 by Sy Syms and his son, Mortimer, and is now run by Mortimer’s son, Marcy. The company operates a chain of off-price retail stores throughout the United States, offering discounted apparel and accessories.