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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 ...
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 filed for bankruptcy in a federal court in Houston, and said on Thursday it had reached agreement with creditors for $675 million of debtor-in-possession financing to aid operations ...
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 luxury store chain, which operates 43 Neiman Marcus stores, 22 Last Call stores and two Bergdorf Goodman stores, has been burdened with nearly $5 billion in debt in part due to two leveraged ...
Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores [217] and would later shutter all but five of its Last Call stores in 2020. [218] On April 19, 2020, Neiman Marcus announced that it would file for bankruptcy. [219] The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May ...
The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and ...
Federal prosecutors allege Kamensky carried out a scheme to pressure a rival bidder to abandon its higher bid for assets.
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