Can Neiman Marcus Finally Leave Its Baggage Behind After Bankruptcy?

The story of Neiman Marcus and MyTheresa follows broader storylines in the retail industry. From a single fashion store in Munich, MyTheresa became a global luxury e-commerce force that shipped to 120 countries by the time Neiman’s bought it in 2014. Since then, its revenue and value have more than doubled while the legacy retailer struggled. The e-commerce banner has been called Neiman’s “crown jewel” by creditors who have waged legal warfare on the company ever since MyTheresa’s place in Neiman’s corporate organizational chart was reshuffled by the retailer’s private equity owners. Read more at Retail Dive.