Loehmann's has filed for
bankruptcy and plans to liquidate its business.
Loehmann's Holdings filed for
Chapter 11 bankruptcy protection in federal bankruptcy court in Manhattan this
past Sunday (December 15, 2013). They
indicated in filings that it plans to sell its remaining assets in an auction
subject to the court's approval.
The New-York based retailer,
which has 39 stores and its online operations, said in a statement that its
business was effected by increased competition in the off-price retail niche
and limited access to capital.
The company had previously filed
for bankruptcy protection in 2010 due to overwhelming debt and emerged in 2011.
It also filed for Chapter 11 reorganization in 1999, emerging in 2000 after
closing 25 stores.
SB Capital Group, Tiger Capital
Group and A & G Realty Partners, which have handled other retailer
liquidations, have agreed to make an initial bid of $19 million for Loehmann's
assets, according to court documents. The auction is expected to begin Dec. 30
and be approved by the court in early January.
Elegance undone, imbued with unmistakable sex appeal, inspired
by the feeling of freedom and the warmth of the sun. Kate
Moss strips down, literally and figuratively, in Stuart Weitzman's Spring 2014 ad campaign
to reveal the definitive essence of effortless summer style. Photographed again
by Mario Testino, in keeping with what is now an
iconic visual vocabulary, the campaign invokes a sun-kissed and sensual energy,
hinting at long, languid days in St. Tropez, with luxury footwear that
seduce from day to night
Minimal make-up, wet hair and barely-there cover-ups enhance
this laid-back, luxe Bohemian look. It provides a glimpse of the supermodel at
her most beautiful. Sublime simplicity. Such simplicity is a key theme for the
new Stuart Weitzman collection, evidenced most distinctly with the introduction
of THE NUDIST. Sexy, strappy, sleek, minimal – this sandal is as close to bare
as a fashionable foot can get.
Moss, who debuted as the face of the Stuart Weitzman brand in
the Spring 2013 ad campaign, was chosen because of her unparalleled status as a
global style icon. Moss exudes a sense of style and confidence that every woman
aspires to emulate and in 2014, she is walking in Stuart Weitzman shoes.
In the world of Stuart Weitzman, "sexy" means being
comfortable and confident in your own skin, and the campaign captures this
essence in a relaxed, effortless, chic way while clearly showcasing the new
season's essential silhouettes. The international advertising campaign will
launch in the United States, Italy, France, England, Canada, Dubai, Germany, Spain and Asia. Outdoor
advertising (billboards and kiosks) will run in Los
Angeles, New York, Miami, Milan, Paris and Hong Kong.
Behind-the-scenes video and additional creative content will be featured on www.stuartweitzman.com
and in Stuart Weitzman boutiques worldwide.
Stuart Weitzman is a division of The Jones Group Inc. (NYSE:
ABOUT STUART WEITZMAN
A little obsessed with
Stuart Weitzman Holdings LLC, a global leader in designer
footwear, operates 45 retail stores across the United
States, including New York, Beverly Hills, Chicago,
Boston and Las Vegas. The company also has
59 international stores and is sold in more than 70 countries. A luxury brand built upon the
idea of creating a beautifully constructed shoe, founder and designer Stuart
Weitzman's main objective has always been to merge fashion and function. The
first thing a women puts on in the morning and the last thing she takes off at
night, his shoes are designed to feel as good as they look and to look as good
as they feel.
ABOUT THE JONES GROUP INC.
The Jones Group Inc.
is a leading global designer, marketer and wholesaler of over 35 brands with
product expertise in apparel, footwear, jeanswear, jewelry and handbags.
The Jones Group has a reputation for innovation, excellence in product quality
and value, operational execution and talent. The Company also markets
directly to consumers through branded specialty retail and outlet stores,
through concessions at upscale department stores and through its e-commerce
The Company's internationally recognized brands and licensing
agreements (L) include: Nine West, Jones New York, Anne
Klein, Kurt Geiger, Rachel
Roy (L), Robert Rodriguez, Robbi &
Nikki, Stuart Weitzman, Brian Atwood (L), Boutique
9, Easy Spirit, Carvela, Gloria Vanderbilt,
l.e.i., Bandolino, Enzo Angiolini, Nine & Co.,
GLO, Joan & David, Miss KG, Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Givenchy (L), Judith Jack, Albert Nipon,
Pappagallo and Rafe (L).
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