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Loehmann's files reorganization bankruptcy plan, must seek asset sale
New York City -- Loehmann's Holdings filed a Chapter 11 reorganization plan that includes a stock-rights offering backed by its Dubai-based owner, according to a Friday report by Bloomberg. The plan also includes a requirement that the Loehmann’s seek approval to sell its assets.
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Top 10 “Unmissable” Stores
New York City -- Forever 21’s massive Times Square flagship, a shop that sells ice cream made to order and frozen with liquid nitrogen, and a new beauty-and-wellness concept in Hong Kong are on a list of the hottest new stores around the globe.
The list comes from the folks behind the cutting-edge, London-based retail consultancy echochamber.com: