READING, Pa.–It’s official: Boscov’s Department Store has completed the sale of substantially all of its assets to a family group led by Albert Boscov and Edwin Lakin.
“I am thrilled to be once again heading the company that I spent 50 years building along with a tremendous team of co-workers whose commitment has been immeasurable,” said Albert Boscov, chairman and chief executive officer, in a statement.
“The completion of the sale provides us with the solid financial footing necessary to rebuild the company and prosper this holiday season and beyond.”