It's not likely the end of the road for the Loehmann’s brand name.
What form that new life takes remains unclear.
According to bankruptcy court records docketed on Monday, Esopus Creek Value Series Fund LP is the successful bidder for the Loehmann’s intellectual property assets and customer lists. Madison Capital Holdings won the bidding for the 39 store leases and a joint venture among SB Capital Group, Tiger Capital Group and A&G Realty Partners has acquired the inventory that will be liquidated, furniture and fixtures, accounts receivable and cash in a court-approved auction held on Friday and Saturday. The auction results are still subject to Manhattan bankruptcy court approval this afternoon.
Loehmann’s Holdings Inc. filed a voluntary petition for Chapter 11 bankruptcy court protection in Manhattan last month. The off-pricer known for its penchant for designer brands is currently conducting going-out-of-business sales that are expected to conclude by the end of March.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)