Buxbaum Group, new owners of Filene's Basement, said it is reviewing "all available business options" for the fashion chain.

The US liquidation firm acquired Filene's Basement on Wednesday (22 April) through affiliate company FB II Acquisition Corp, from Retail Ventures.

Scott Rusczyk, president of FB II Acquisition Corp, said that no changes to the operations, management, or board of directors of Filene's Basement have been made.

"We are very pleased with the acquisition, and we are working with existing management and the company's advisors to review all available business options," he added.