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Loehmann's Cash Infusion

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Loehmann's got somewhere in the range of $10 million from its parent company Istithmar this week, according to WWD. The money is intended to "strengthen ties with factors and vendors." Earlier this month, Loehmann's categorically denied a New York Post report that the chain was facing a "dire cash shortage." The Post retracted their story, but it seems vendors still needed some reassurance. Meanwhile, Loehmann's president just announced that he's retiring after 16 years running the company. [WWD, subscription req'd; Previously]