Peabody, Saugus Filene’s Basement stores get the ax

Item StaffTwo North Shore locations of the Filene’s Basement chain will close after an affiliate of Men’s Wearhouse won a bankruptcy auction to buy the business for $67 million.Although the new owners, K&G Acquisition Corp., plan to keep operating most stores, the six stores not being bought include the Saugus location in the Square One…

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