Loehmann’s Troubles Supposedly Overblown

If you followed the New York Post and subsequent reports earlier this week, it seemed like fashion-discount chain Loehmann’s was in big trouble. The publication reported that the 60-unit retailer, owned by Dubai World’s Istithmar, failed to make a $6-million debt payment.

After Loehmann’s issued a statement denying the claims, the Post reportedly took the article off of its website.