NEIMAN MARCUS EMERGES FROM CHAPTER 11
by Stephen Garner
Sep 25, 2020
The company will get access to $250 million now and $150 million more through early September.
Read MoreThe famed luxury department store said $675 million in financing has been secured from creditors to fund operations through bankruptcy this fall.
Read MoreAccording to multiple reports, the luxury department store is allegedly just days away from filing for bankruptcy.
Read MoreNeiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Macy’s are some of the major retailers closing up shop due to the spread of Coronavirus.
Read MoreAs part of this action, the company expects to eliminate approximately 500 roles in the Last Call organization over the next eight months.
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