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    • Chapter 11 bankruptcy protection process

      • Neiman Marcus Holding said on Friday it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses during the Covid-19 pandemic. Its restructuring plan eliminated more than $4 billion of debt and $200 million of annual interest expense.
      www.cnbc.com/2020/09/25/neiman-marcus-emerges-from-bankruptcy.html

      Neiman Marcus emerges from bankruptcy

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  3. www.neimanmarcusgroup.com › 2020/09/25-NeimanNeiman Marcus Group Completes Chapter 11 Process; Emerges ...

    Sep 4, 2020 · Neiman Marcus Holding Company, Inc. (formerly the "Neiman Marcus Group LTD LLC") (the "Company") today announced it has emerged from voluntary Chapter 11 protection, successfully completing its...

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  5. wwd.com › feature › neiman-marcus-bankruptcy-what-toWhat to Know About Neiman Marcus’ Bankruptcy - WWD

    Jul 24, 2020 · Neiman Marcus Group has long-term debt of $4 billion and is paying roughly $300 million in annual interest expense, which is dragging down profitability and resulting in losses. It plans to...

    • Layla Ilchi

  6. www.voguebusiness.com › companies › neiman-marcusNeiman Marcus sees bankruptcy exit by September as loans ...

    Jun 17, 2020 · Neiman Marcus sees bankruptcy exit by September as loans agreed. The upscale department store chain has received approval from a bankruptcy court in Texas to access $250 million in creditor financing. Neiman Marcus is one step closer to a safer future.

  7. www.hbc.com › news › articleHBC, Parent of Saks Fifth Avenue, to Acquire Neiman Marcus ...

    Jul 4, 2024 · NEW YORK - July 4, 2024 - HBC, parent company of Saks Fifth Avenue, has entered into a definitive agreement to acquire Neiman Marcus Group (“NMG”), parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.

  8. finance.yahoo.com › news › post-bankruptcy-aheadPost Bankruptcy, What’s Ahead for the Neiman Marcus Group?

    Dec 11, 2020 · Fresh out of bankruptcy virtually debt-free and with new owners, the Neiman Marcus Group Inc. is “really well positioned for the future,” maintains chief executive officer Geoffroy van...

  9. www.ft.com › content › 3856bb04-b3ac-4935-8dbf-e0f2Neiman Marcus: how a creditor’s crusade against private ...

    Oct 4, 2020 · Neiman Marcus exited Chapter 11 in late September at just a $2bn valuation. MyTheresa remains a separate company. Marble Ridge is in the process of dissolving its operations.

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