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Ares Management Corp (NYSE: ARES) co-owned high-end retailer Neiman Marcus has become the first large department store chain to file for bankruptcy.What Happened With Neiman Marcus The retailer ...
Luxury retailer Neiman Marcus filed for bankruptcy on Thursday, becoming the first major department store chain to seek Chapter 11 protection because of the coronavirus pandemic. “Prior to COVID ...
The bankruptcy filing could come within days, though the timing could slip, the sources said. ... Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of ...
The U.S. luxury department store chain filed for bankruptcy in a federal court in Houston, and said it had reached agreement with creditors for $675 million of debtor-in-possession financing to ...
Neiman Marcus Group, Ltd. LLC and 23 affiliated debtors filed Chapter 11 bankruptcy in the United States District Court for the Southern District of Texas in May 2020. [14] The debtors requested joint administration of the cases under Case No. 20-32519.
The luxury department store chain Neiman Marcus filed for bankruptcy on Thursday, the second major retailer after J.Crew to seek reorganization this week as the industry buckles under widespread ...
The luxury department store is the latest retailer to file for chapter 11 bankruptcy during the COVID-19 pandemic. Neiman Marcus Has Filed for Bankruptcy Skip to main content
Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores [218] and would later shutter all but five of its Last Call stores in 2020. [219] On April 19, 2020, Neiman Marcus announced that it would file for bankruptcy. [220] The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May ...