Friday 22 August 2014
 
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Istithmar company

Istithmar company files for bankruptcy

Loehmann's, a US-based designer brand owned by Dubai investment group Istithmar, has filed for bankruptcy in a Manhattan court, its second in a little more than a decade, under a prearranged deal to cut debts by $115 million. Istithmar

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Istithmar company in debt standstill deal

Loehmann's, a US-based designer brand owned by Dubai investment group Istithmar has a standstill agreement with its largest lenders through November 19, giving the company more time to arrange a restructuring or a bankruptcy filing. Th

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