Loehmann’s, the upscale discount retailer owned by the investment firm leg of Dubai’s Istithmar World, filed for Chapter 11 bankruptcy protection yesterday. Istithmar, which also owns Barneys, bought Loehmann’s for $300 million in 2006.
The bankruptcy is the latest for Loehmann's owner Istithmar, the Dubai-based firm whose former CEO David Jackson became notorious for shelling out lavish sums in 2006 and 2007 for investments like Barneys and the Union Square W Hotel.
The bankruptcy is the latest for Loehmann's owner Istithmar, the Dubai-based firm whose former CEO David Jackson became notorious for shelling out lavish sums in 2006 and 2007 for investments like Barneys and the Union Square W Hotel.
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