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current news

Loehmann’s To Close 15 Stores

(Filed Under Fashion News). On October 14, Loehmann’s announced that it plans to close up to 15 underperforming stores out of its 60 and liquidate their inventories over the next year. The company said it has received valid consents from over 50 percent of its bondholders, allowing it to achieve two purposes of the consent solicitation; closing up to 15 stores, and increasing the priority Lien cap under the lease agreement and the Intercreditor agreement to $45 million from $35 million.

more Fashion News >>

Published 10-18-2010 by Amanda Torres Price

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