--Shoppers can seize once-in-a-lifetime discounts on men's and
women's designer clothes
After almost 93 years, Loehmann's, the premier upscale off-price
specialty retailer that originated the concept, is going out of business.
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. More than $65 million
of current in-season inventory and new arrivals from many of the top designer
names will be liquidated during the sale, which begins tomorrow, January 9.