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Loehmann’s, Reborn as Off-Price E-Commerce, Names Advisors

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New York–Off-price retailer Loehmann’s, which was recently resurrected as an online retailer after a hedge fund acquired its intellectual property out of bankruptcy, has named Tony D’Annibale to its advisory board. D’Annibale, who was EVP of merchandising at the retailer’s previous incarnation before leaving for e-commerce retailer Rue La La, …

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Loehmanns Files Chapter 11

In Reports, What's New by Accessories StaffLeave a Comment

New York–Loehmann’s Capital Corp today filed for Chapter 11 bankruptcy protection in a move that will allow it to reduce its debt and recapitalize its balance sheet. Loehmann’s said it has agreed the plan with its owner Istithmar World, the Dubai-based private equity house, and Whippoorwill Associates Inc., the agent …