Loehmann's closes $850,000 sale of IP portfolio to Esopus Creek unit

By Caroline Salls

Pittsburgh, Jan. 13 - Loehmann's Holdings Inc. closed on the sale of its portfolio of registered trademarks and intellectual property to a wholly owned subsidiary of Esopus Creek Value Series Fund LP-Series A, according to an Esopus news release.

"Over the next several months, we will evaluate different opportunities and partnerships for the Loehmann's portfolio, some of which have already presented themselves," Esopus managing members Andrew L. Sole and Lauren A. Krueger said in the release.

As previously reported, Esopus agreed to purchase Loehmann's intellectual property and customer lists for $850,000.

Loehmann's, a Melville, N.Y.-based retailer of women's clothing, filed for bankruptcy on Dec. 15 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 13-14050.

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