Going-out-of-business sales could begin as early as Thursday at Loehmann's Holdings Inc.'s 39 designer discount retailers after the bankruptcy court's approval yesterday of a sale worth $16.4 million, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Martin Glenn yesterday approved the sale of two groups of assets and scheduled for Friday a hearing on a third sale worth an additional $7.5 million. Loehmann's auction, held on Friday, overall garnered $23.9 million for the company's assets.
