Loehmann's: Court approves sale of designation rights for $6.35 million

By Lisa Kerner

Charlotte, N.C., Jan. 23 - Loehmann's Holdings Inc.'s sale of its designation rights to Madison Capital Holdings LLC for $6.35 million was approved, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The sale of the designation rights was for purposes of disposing of the debtors' leasehold interests in 39 retail store locations and Loehmann's corporate offices.

Loehmann's, a Melville, N.Y.-based retailer of women's clothing, filed for bankruptcy on Dec. 15. The Chapter 11 case number is 13-14050.

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