Dubai unit restructuring plan awaits creditors' nodLoehmann's, a US-based designer brand owned by Dubai World unit Istithmar, has received bankruptcy court approval to put its restructuring plan to a vote of creditors, a key step to ending the department store chain's Chapter 11. C More… |
Istithmar company files for bankruptcyLoehmann'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 More… |
Istithmar company in debt standstill dealLoehmann'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 More… |