BREAKING: Neiman Marcus files for Chapter 11 bankruptcy protection, sounding ominous note for department stores during pandemic.
FILE - This Friday, April 17, 2020, file photo, shows the Neiman Marcus department store at Union Square in San Francisco. Neiman Marcus, the 112-year-old storied luxury department store chain, is seeking Chapter 11 bankruptcy protection, the first department store to be toppled by the coronavirus pandemic.
FILE - This Friday, April 17, 2020, file photo, shows the Neiman Marcus department store at Union Square in San Francisco. Neiman Marcus, the 112-year-old storied luxury department store chain, is seeking Chapter 11 bankruptcy protection, the first department store to be toppled by the coronavirus pandemic.
NEW YORK — Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic., which became the first major retailer to reorganize during the pandemic. Experts believe there will be more to come even as there are moves to reopen businesses in parts of the country like Texas and Florida.
“Prior to COVID-19, Neiman Marcus Group was making solid progress on our journey to long-term profitable and sustainable growth,” said Neiman Marcus Group CEO Geoffroy van Raemdonck in a statement. “However, like most businesses today, we are facing unprecedented disruption caused by the COVID-19 pandemic, which has placed inexorable pressure on our business.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Neiman Marcus Files for BankruptcyThe luxury retailer has filed for Chapter 11 protection, in a sign of more trouble ahead for an industry overwhelmed by the pandemic.
Consulte Mais informação »
Neiman Marcus, the Retailer to the Rich, Stumbles Into BankruptcyNeiman Marcus Group Inc. filed for chapter 11 bankruptcy protection in Texas, becoming the latest large retailer to seek a court restructuring during the coronavirus pandemic that has closed much of the U.S. economy.
Consulte Mais informação »
Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus falloutNeiman Marcus' borrowings total about $4.8 billion, some of which remains from a $6 billion leveraged buyout in 2013 by its owners, private-equity firm Ares Management Corp and Canada Pension Plan Investment Board.
Consulte Mais informação »
Neiman Marcus, the Retailer to the Rich, Stumbles Into BankruptcyNeiman Marcus Group Inc. filed for chapter 11 bankruptcy protection in Texas, becoming the latest large retailer to seek a court restructuring during the coronavirus pandemic that has closed much of the U.S. economy.
Consulte Mais informação »
Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus falloutNeiman Marcus' borrowings total about $4.8 billion, some of which remains from a $6 billion leveraged buyout in 2013 by its owners, private-equity firm Ares Management Corp and Canada Pension Plan Investment Board.
Consulte Mais informação »