Judge approves bid for Filene’s Basement

NEW YORK - Filene’s Basement has a new owner.

A bankruptcy judge on Wednesday approved Syms Corp. and Vornado Realty Trust’s $62.4 million bid for the company.

The discount chain filed for Chapter 11 bankruptcy protection in May and sought a buyer.

After Filene’s Basement announced last week that Men’s Wearhouse was buying it, other bidders objected and said Men’s Wearhouse didn’t meet the court’s requirements.

A judge in U.S. Bankruptcy Court in Wilmington, Del., directed Filene’s Basement last week to reopen the auction.