Neiman Marcus

Neiman Marcus Obtains Court Approval For First Day Motions

Neiman Marcus has received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division for all of the first day motions related to its voluntary Chapter 11 proceedings filed on May 7. 

Neiman Marcus Files For Bankruptcy

Neiman Marcus has filed Chapter 11 and entered into a restructuring support agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond.

Neiman Marcus Cuts Q3 Loss

For the third fiscal quarter ended April 28, Neiman Marcus Group posted a net loss of $19.9 million versus a net loss of $24.9 million in the period a fiscal year earlier.

Neiman Marcus Posts Q3 Loss

Neiman Marcus posted a deeper net loss and a decline in sales for its third quarter, while media reports indicated that the struggling retailer had shelved plans regarding the sale of the company.

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