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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 …