By  on November 15, 2010

Loehmann’s Capital Corp. Monday filed a voluntary prepackaged Chapter 11 petition in Manhattan bankruptcy court.

Whippoorwill Associates Inc. and Istithmar World have agreed to invest $25 million into the firm upon its emergence from bankruptcy, expected in the first quarter of 2011. Whippoorwill owns 70 percent of the senior notes and Istithmar is the equity sponsor.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus