Loehmann’s Holdings Inc., the bankrupt Bronx, New York-based retailer of discounted designer goods, won court approval to sell its inventory and intellectual property for an estimated value of $16.4 million. It’s still negotiating the terms of a sale of its real estate assets.
Loehmann’s Holdings Inc., the Bronx, New York-based seller of discounted designer goods, said a joint venture between liquidators SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty Partners LLC made the best bid for its inventory.
Loehmann’s Holdings Inc., the New York-based seller of discounted designer goods operated by Whippoorwill Associates Inc., sought bankruptcy protection for a third time amid growing competition from discount chains.
Calvin Klein, the largest brand owned by Phillips-Van Heusen Corp., expects sales in China to increase as much as 30 percent annually over the next three years, making the nation its biggest Asian market.
Loehmann’s Holdings Inc., the New York-based seller of discounted designer goods controlled by Whippoorwill Associates Inc., agreed to alter a proposed sale timetable after a bankruptcy judge criticized it.
Australia will become the first country to require cigarettes to be sold in uniform packages after its top court rejected a challenge from tobacco companies, setting a precedent for other nations to follow.