Neiman Marcus Bondholder Criticizes Transfer of MyTheresa

Judge Tosses Hedge Fund’s Lawsuit Against Neiman Marcus (The Wall Street Journal) A Texas judge Tuesday dismissed a bondholder lawsuit against.....»»

Rite Aid, Men's Wearhouse, Talbots, and .....»»

Neiman Marcus has sold two of its distribution centers in Texas, significantly reducing its square footage in the state, and will use the proceeds to invest $85 million into its supply chain efforts and position for growth. The luxury real estate.....»»

The luxury consignment platform is now 60% female......»»

By the time the two North Texas companies had their restructuring plans approved by a federal judge, they had paid the professionals handling their bankruptcies more than $103 million – a number that could go higher yet......»»

A plea agreement suggested a sentence of up to 18 months in prison.....»»

Neiman Marcus Group said it will invest $85 million in supply chain innovation and technology in an effort to become “the preeminent luxury customer platform.” The money will be directed towards systems and fulfillment centers upgrades, in.....»»

AP Photo/Nam Y. Huh Mudrick Capital Management, a Neiman Marcus creditor, on Tuesday called for the bankrupt department store to explore a deal to combine with S.....»»

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection......»»

Clothing stores like J. Crew and Neiman Marcus have already filed for bankruptcy protection this month, the first major players to do so following the financial fallout the coronavirus pandemic has caused......»»

With stores closed and the shift to online accelerated by the coronavirus, retailers are struggling, with some, like department stores, particularly vulnerable......»»

U.S. luxury department store chain Neiman.....»»

Nei.....»»

Neiman Marcus Group filed for bankruptcy after efforts to manage its crushing debt load unraveled amid the spreading coronavirus pandemic. The Chapter 11 filing in Texas gives the Dallas-based... To view the full story, click the title link......»»

Ares Management Corp (NYSE: ARES) co-owned high-end retailer Neiman Marcus has become the first large department store chain to read more.....»»

The luxury department stores had been struggling to get out from under $5 billion in debt even before the outbreak forced it to shutter all 43 of its U.S. stores......»»

Storied luxury chain Neiman Marcus became the second U.S. retailer in a week to file for bankruptcy and faces a shaky future trying to recover in a pandemic......»»

On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its 67 stores......»»

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. Freddie Joyner has more......»»

Department store chain Neiman Marcus has filed for Chapt.....»»