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Loehmann’s commences going-out-of-business sale Jan. 9
New York -- After almost 93 years, off-price specialty retailer Loehmann's is going out of business.
On Jan. 7, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture formed by SB Capital Group, LLC, Tiger Capital Group, LLC, and A & G Realty Partners, to conduct "Going Out of Business" sales in each of Loehmann's 39 locations in 11 states and the District of Columbia.