Local News

INVESTOR HAS PRELIMINARY DEAL TO BUY ELDER-BEERMAN'S PARENT COMPANY

(Dayton, OH)--It’s good news for an downtown Richmond retail anchor…An investor group is now working on a deal to buy Elder-Beerman’s parent company.  Bon-Ton announced Tuesday that it has signed a letter of intent from an investor group that includes three different companies.  The company had been set to be auctioned Tuesday, but that’s now been postponed.  The investor group that now has a preliminary deal to buy Bon-Ton has been interested in reorganizing the company to keep in running.