- The Dallas-based store files for bankruptcy
- Hopes to emerge debt-free by fall
The latest to file for bankruptcy is the Dallas based luxury departmental store, Neiman Marcus. Neiman Marcs is a 113-year-old luxury retailer. Troubles for the store were brewing since 2013.
In 2013 the store sold and since then its debt has been at the same level as its annual revenue. The pandemi....
Tags : Neiman Marcus, files bankruptcy, Horchow, Bergdorf stores, Pacific Investment Management Co., Davidson Kempner Capital Management and TPG,