NY retailer seeks advice on turnaround-report | Reuters

Designer goods discount retailer Loehmann's Inc, whose parent is an investment arm of Dubai World, has hired three firms to advise it on a turnaround, Bloomberg News reported on Tuesday.

The report, citing unidentified people with knowledge of the situation, said the three firms were AlixPartners LLP, Perella Weinberg Partners and Clear Thinking Group LLC.

A representative of Loehmann's could not immediately be reached to comment.