04/08/2014 01:33 pm ET Updated Apr 08, 2014

Loehmann's Is Coming Back.. Online

Slaven Vlasic/Getty Images

For years, off price retailer Loehmann’s struggled with bankruptcy, before finally closing its doors in February.

Loehmann’s name and intellectual properties — including its customer list — were acquired by hedge fund Esopus Creek Value Series Fund LP in bankruptcy court. Now, Esopus has brought on brand development and advisory firm CAK Entertainment Inc to give Loehmann’s a second life.

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