Retail
May 7, 2020
The Neiman Marcus store in New York's glitzy Hudson Yards area was the last major investment by the department store chain. Image credit: Neiman Marcus
By Mickey Alam Khan
Heavily indebted Neiman Marcus Group, owner of its eponymous department store chain and New York’s Bergdorf Goodman, has filed for Chapter 11 bankruptcy as expected.
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","iv":"832bc8d6d8cf4843f9e4b15adc18d8e8","s":"a244b3759f2949ae"}
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