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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rq41wNsSwDf4kB2R8ZKpdwrn5VTSf3a0x5UNSFwRpf24X0y1\/NeaEZCASxkltGhIVlug7LILnAf2TDL\/zD+1hkFfyqmhYbLbisCx6lCnEasPm9RAqM1wDTzh\/ltId0RD0jKY5GIMnjHL8dogkL2s6CqJv05zX4I6Cniz2ndgQCeIvaOYZPutgxZE5GXA4mcaMbaeBRiahZ3XSaU0hm\/Bjt3u1zSP3QiwaOhwuSIR37KDC3m18PJvhQSkkOnqsZC0upXhqIYzemH1EgaYSpfQpuC6XXq7gJB565FLXbVdM4SJG\/l0hquG+qxnwqd4XRJA8\/\/m1pHDzDqXZXec2wsCnZF\/Cl5C\/9xMS1nCIJiJUxipVJa2vVUk1Mwk2rwh9oo780JHMGMSSiQd7QCp2dvnOpQ4PNfkXaRA6F\/G0ACpaXxxyB3caqWqVa2aFZ\/ib6KlhQp5I1h3pMBd+sV6ifwFSsQ0YqG4jZ0m8Vkmq6B0ExFNjeFKU9slOyo7pnK3TTUUT0UG3YT62r5yNUFMZAly0Ppc6pkCSRbBU3dqyMO7OgDJZ9VBVFer2vD4hM8OivJhaTbXYf4rQuBAZMYOCb29Lv+zNUtol8gPNPZxuq8BmHlgftgrPLOx8jj422APNBNhDLbVKIvbvQV21k6muJ4+8NsyigZd1L3K+wqf\/nvzu\/SHx\/w5ydGowseG77jbd3DAu+nvgqo7RQWdugYcIFIE599k21NduV30smctt9vFsfwh\/c14RfRhvV+bh6iN3kGOoyA3wx+bPuMVbUN7meT4deIfEJxwj2qWTaey8gyDwVIUgVrs9twO3srm3PP8q1oPht36KK5flF8AkmjiMtHN7qE5x9vh+yk8sKuE3eefnyk1lk8EsbyF7XSsnzP1k+y5UTdhAJ+rQoZfg544Z\/kgcinRwfx0MZyXprRYRkCRWMi8T6skgJJlOkYzCVutnMVnLa43Z5jPgT4viIWgtGypMMefdEyzkN095RxCrK29TXhZM3y56wnz6Ku5snWNwLCLf5tyxP0mP29MRt\/ZX+uEn8hCwMFLjEB2sl5RIBEKUsP+DaHUEgVJlXLA9a7\/znFqyVjofHz1tHDzeplCQSLLquUNpY0ZKGBeNlqUlSylHSDiG5SrrmWaBuYtb+C8D+A4cF8zXge3zQVg2M7GYXupYM5mhm7A1Ul9dJrHF3fJEqkpFoPiYC8j3YuyPEEzdH6v+y0eIf1dp1orsz\/rm6oMpctGgTOQ\/cv\/MZ9NiSiLqEAPFIfuG3CU8vlbxKhonqpJfgMgl3rmftvwqQX9pwlWVTjeDvhO4iI4vaUxWXZF77Qetn\/HlS5AFMDASgT\/7DY6s9v6rc\/kN5X5LHORxuCzzX9XYA9jAcWx06GSLV7YkWp7QViCbDeqDXYrghV3FpZQruH3umQYTt6T\/aDMQYpvZoMA+fGZe1yDxSrmFMsaJVYFUnXuq6hCsllmhxMInYjUiQMc98BCbYb99Comm\/LcAAAwsgmreQAw0zhxnQ7Nxh7qSAo1p81SyO+59xZP9cl9Is9z9WLlbuqyC99VKIoFJ\/JgLUj2KJMw\/B3yBGSKGTRKxJRdg7FINL2CoKfC6y\/TtHyqxdq7MpoyB\/kfIrYLRT+uRDAj8pxFs0PsPReykHEDd3v4cInAW2kerGbO0TcO0MKQ4KOUiPFdtggYRvC3D5Zwk0G22qjqjLGvlfJSbPuRr2kG5\/Ch\/AU1ZGd210GxhtjeGXIYhmUye9NYpufH2OqofNB8eCWgFzK4nJvYVOPlNTtaHAn704jmsmCEs17Xgto5Vst9NcPtI5YFoLSuS9WcoQeH8U0LPXwpHS3bN9v+xBJvBUxiromuOKvxRDQuVrXiPvPJkeayft5D6XFZPTuQOlhYMCwz50aR9pG\/1GM9rXauhzsOXj5eZh584Wo+sX5Yqbn06CKS1l20z8dzGBJDrw5ehMo6iBsp7jrjqwDp9eY3J2K5uPn40tzwGS3HmYXEpAjw2GjKueczpKJGf8+BOtnZt0zvAv3\/rwiAICaxEpMQKH5nY5Zq2izwC3QM4gcbEeaL0TuigLAnuwqWljR9t5bNblMbqczWMY0IHSeuI7Ns4YjUu8cgnUoRZDSNCUrDPS7K2T5IsmXc4u+YTZAVQ1CfIy3oTOrPRBsNJb\/4fimEgD1KiXD7+rFReGxLXtT5bth0OSSgcDya0vg907FQ7T2GDhc+3ztKg07qR\/Nl2x7AFaqrLiiJPQC\/A0xE2gJ9U4661nK1xbftloU4uX6TMGHuKOMkQidjOpKUuH7u5DQMhNzHjEXjXqXQq7d1Zd+45JRclpTNptcYcVOSZYp1T\/6yizdeLY+W0YoMVowKK6LGUloICP7Y7+uBRmDfJth2YoKNn2\/KaAgpPvw6o7fdbhEt1mDp\/QqrIGcY3lj1xM\/T36+1T7lv\/oC9XnDtELm7ezFJy77yakzZHbdupWF5MdmLtqxCA3TuC\/o71j\/hZrGlet6TGXoApsHwYBkCuBJW6xG4QorGdvq\/GHsNXyneW14tq6rTRycnKTgBnPQ+rJvAOTZSXf9OE\/HnNNh8hH8dAJwJ3VS2wiRaLccxJoydPgCXT2qDwqyvtiw8QWs\/uCB63MLU1ZwLGFb\/1jOwY2m3kHHnURC2okY08frn5c8yOlG7GXXAHRA8ykub7+tIWO5hNtiGZmlT0S90gLg7tA\/0v2NMrHB1nh\/D8UI2KfiTyA+VHvzFe1d3pStz91MPl5a\/2p2M8+YvZ8W\/dbQutLtkznhhjiflzxaTO07y9mLowBfUWXNaitHxlhes+tbsuAFzq1bcvNzJtes\/Or1LkCMe5DO5aYlOXI\/6rRSUhNcD1QRBDgnvEgcMMfXUNA6DSLgwjlOJA+wM9toQk9RJPzsMft98mAZeon1+EGceXlcBUntYRlV7e\/IZIZEz\/nvU810x32nFKe6dd7A0Y8ZiPpE9Pvdw\/C6tgIDrqrBv6BmZpKL3CUiSFZQmPKLqC\/6dhgNQAqny56r6bOKH+rip3Vp\/yKuMmLaQgIivvCS84MxnROJTitDnE8TukJeqFq0UuR4qa\/L6Oobj0V7MuZvoyVOMQUcLfWIrgeqrSyKvh7\/AckDE+Irp3MuwnGMknofCFlU63yVIKYFpaqpCtJjaKELypPYkzkKZON61cYvAAx8rWX9kzmDELjKr+bx01qSIhhV9sCaLrb1XEMmE+PYbps6\/1TyeUNnuDoUtHC69AY6V6d9qSs5ynaEye3+sd\/m+D0eo47ezANv30HJ7JHXGMOF+K6xNqViaMBMLTwJ\/TMV0ZW8+ipq1qU8cludYtlE6ogVkyYW4JTnS0wuHmplyr2k1VVseRaCfO6ey5m+0jGhg2gW8Dk9T2COx07SWu3DCiw64UPhGv\/\/GUlnPCC6G1998prnFj7EkeFtJ35x6gaaup\/vFKyk+CxfCm3ig7zWfoDkaKFyuZ\/N120nD9xaf59pLrFHuAbJHBb3Q+kmKbqTTO74q4CWT9CxRq\/ZN3yIqnvU24r91CG0+HpnvMiLDDkpIzu90NyVHTZiMERaS\/hXKX2jUsA+pLZnjjR9C6dGsBoYfkKZa4xKYAPgOEDv+vgp5mfi1bUy1FtHT7c5BHq2MA1uRmVtVlmhQyv2yjuK5H1qgdHyp\/JQf8ZBZJAbouIDTv4jYrRoYp5nvktEQmkNB3OF6RvHgJLDmmRm4SfDI3K67TLFOkBLWRU3kxtlNMWpkF7Qs6slcxjRLfjeb63Emo3+HMmEboofoUhHyMWHHy5fV3yRpAI\/TZnaO+vKt8pHLOlnjN5a7YI3hVy9yM3G+z7wg0TRaAfAhD48bTJemV34ifQq9pbzcmLLO5+CqRmiQViZppvHn\/oAlVxIrK45MjhGy\/FPmgeiZle9tVJ1Fsmjq3upIC2t30WNnH3zM3z\/gG7TrM07aNhoqeR2WFjtAZuVsE9vCN0JJFabG0ffqgVNkSucsvmfJ\/MKVxNfMtgvDuPAyNaxoUTlVpka0YZY2K2yB3R+Mnnfjt+85qdEA3zC5dEIXVRemm0Z\/nOchH7YF2CUjvoeZMGKNn15E5KHEctW\/ymVUzNeny7+AAyYsccBs80NKd7RL7pDIbyCgDfo0uZqMjz1duplC5YVh+mZAOgd6prhzSveh5yHqR+m0k2a6MbKuLPfarvvkmes1KnwMFYzXDoZFi0MOwgGsJS6ZmK6kkzAVcOD8xzpVWdWYLb1TRA1EGLGUzIKJ6sl9HRnzNxroVmoggEpaEufmnDySV10aFB5QIoynJ4EhPJW\/AlmZ5rHs6fedsfxh080rPh6wN\/UAR6seleFwaeBDN\/sR85wfGEJ8b8g6cDmYAutwD5sltIF0YTwTo2MMrcRUpokbD8X2w5qcpMaQGb8J3LuNytVfJy3zdsg3h+pG9gWqDD9HCjxYGYm9O0VuHsFPen5vv9r1W3HmkCs805FR08S7tfBK9GVMp\/8iw6+HHU68dBSQs0pWpreXBH1MSj5\/lW87d9bEeGw0yFbz4dUa\/Kd9QFoSg+wygeYrz4\/mmKuXHZvCgTY3idZqCRsXDVlX6\/OzB7MSVmuwqGRTkOQlSeY7nx1M+ppexiREh+9MEh\/MO03g16S9yHAAFbtoV9s+dHdvw\/rPc6Vqgz6xW+MzJ2EX4sJnpWI\/1KVskV2F5q3fOss0TSutj1fQiJz6q5jmm20yA3CqNIRstb0Hi5LEnrKcX6rmWRdCoJH0Lwb9y1jgH47cJd4\/dmQlCKx2NgWbTSwF4wzOsqX9vq4gcLLmJoqFtL\/4HJH7yMbMmnUBfFb0a7wkfn4+5QtnMs56t+XjjktUXJPHRzlTEmGbq8IZI1jaanZwCeEp\/PCEtMSED7VIITZTvD3gwbE++wFb+GJQMUR50l33DZ8S7uzFfOsvlkH4+ysVhM\/3BEclpBlCNWAdhdRbivXq8rZVEjCkeINzxVLryh5xA1\/VXD9nIOeY2SPQ7BAtdRGrt40MHfRwgTWjxN18YztZ5JOEnVfJYTSZX0cAsxcbKNaQt62RkCe3Yc7gP8fcxHAAnDkk\/Y9KPKqG8CKYJJbGxCO5hWvvfPUeH3S91mxOylbWByXiHUpmUEirO6kz6Gj6Keew\/PfM2CKdHl\/fRZJDenghs5XKTF+IgAFvloX7lBbjhziNdQ1N52NUSPmzDnGr9FJXUkvFFmxPQqniyynYcSv9S\/8pv6U\/dyJp0IqnlyEF98A8wCqQZGt8HLxutTupOUAWedq+ZC7c\/xKuTalRcT8cCUoPhh+qKyhzB9W9wJFL7\/VHaKpRORws9x4uLVm6+S\/39E9Tr04tqKRmdvigw+v\/skZ9mx8\/Q2vC\/bCPWCBmPZeCciWciqKUPYaZRixeALdcGgREsGHcQ533jcRs\/7W3dAIi6dKiVaCVraaF7FVS981IXXNU030\/VqVcQtua5pKG90B8syMnAKcW2nGUeOmU4VLcUjkhk73QrAhn3REL75d0RDz0QYVpvIW51rt2\/bwPuSguSvRbHXXWwCGYDjkymv6UaIFRXC9r7VTGzGZQ3bTxu8QsDdExyq0fb7fRteaSweiHjv9tUb+M4\/0OqyZ7j31Lyn29FvgcfhG\/tNNXgk3fiAcB50HBWwNOMPdEmcXTUWFin3Qetw3d9hqAUZCZ6ATOfFVYBhip7arQ+uNhd1rCLTdIZEDzIe5A2fYDEvYv8NyRGOIxINdCQwnyNeX7jhRqygEmr4Sh0uYidRf7iF6qi5Jh5JVPcmh3i88tdzA0iX7JgkQOBVK68tqbkExVp09xVDJvXOp7vgQ+lYbY\/wcimR6x5oP8MjRZXXRkKh8o7dcETEGzrRscpLl5BOihlNtfsU375rGcxCz8bVvgzFfyU+yt1pgjXU8gLMfLhPvt3HUxU9kk5ut7E\/m3o2KUjdgsLWgAEF2zMnGPQ0kR9gn8ptvATl2jZB6ZJHsjgYZsahlKBognXfDyuLs3oM\/lVf48Ngat6UNfklcWGeEheEBZdXlk9pTx\/j8R3KDGJBCvrfYaqPRB6EDTWuprjaXLE0OUV1HOSnnJZ8aVoqrQYwtw2zq3D1iVdO4Hmj9NUxtItNX3qtMagSMVD\/pe3K19kcuSHQdkjYSd7NzVepP2oMHteMlx1xjVZRdeEZdk4L8A+pF4yW6O0iY\/x0ym6zRu1ROoUQ4w51qSNxdvj6PsYEqDUmb2XxB2DH9bvsIGUSo85HDbojxac8WgQDGKjCdLw0T0lhUmSppHSeUTBeZRK0M0MOz3zyYF9f6Im8CCNuF8wmOzy6MNCpW4svaTAxUJUIOZcN74qml4iUlEwgtfMaXMXBIYvHV782N+9A1wLS+K55f81pgFxRobHmeReF12PkquRoOEk1n27XPj17ilQPynvGas9MlaZlIhUxOR\/A5\/KgJum86VAghsVgDJNG71\/AHNltWb5Dc7c+9eF76OR10uVzHiJw\/stAYae\/ZDHUTi2VP9HeQDq385VyhGlQSgPRMmDyY5PbdWlHjF3byEDjVKWTHpR03xDKjAQRgL5fnbjE3ssG72+GcodozfXwcLa3LqFFNUAQ8fIHga+NNcIQNuN5h9sNg3W1Lst4oFPdKn+z4IzBKW+RfvX3yek4EvUCSnDKe0rNs\/f6r7bO+MOe2uhIRZaD04HqVkMw4YDBN+v1mHaIgeJ2+MpDX6gsCpQrEZYh5\/474ZH5Te0EEkie6L1TFFizHmdR8ld8i7Gz5AQ8IZpNKmwcQOwsdz5nTSX530SN5I2XTvwCbWTZJCjOzTyM8tVb7dJnLrnu8OzWjoXfiSZK4H4PGP872F66eVR7AYLq1+XqOD93yfORY4JkyRn7WOnN0Cnh+hsh8hSa7euZw7nKMaKj8gj1mZvS\/Cj3cLiqvCBrORjDwN7HuQ6lFl45OwXdlL0mRVFVGCPd4yAK4\/eq19dFlQ8gJHWpXuvOMb6PknyF1zXnNEFBV69pnYhWiQ2eepMVNlfST5DLSEkJNvb9B6cO0mTqZmuJ1O8v7GJRwpPrlvFxs2SfbsorjZNXBtjJU5bAFHaKz1XyLRbS\/jzP6XcWN9\/Q+CRJQHpnPof4ALAKNvmGf\/5EKpeXoICNZZeizZXRQK70LIMmu1Xm2yAHN7ORntyZhEASyHwBX21UTPZzSM\/i0BO7WvLuoteKlMkaXbOOBjwcCcHQMArcu4Ux1wB5J6TOMS\/L2zxT7Qn5P82uj3O8EcZC1gHDUcW6Rfh3hbMOmR0ZR81rETulKvoPnpyP8UDVTqyKmq93GfF+A+yn+Hh9Ab3cWY6uyGYYeo5S4CnSaDdBxYsVDUv9Exez9P7kZdCKPvD0codvc0i2shfqU7JH1+wtag3j0j9gRPvK7M\/oKAPoHz3vZkXBe8cUf5RSeOvqgkynxIXNOvog\/cIZSQh5jP6ttcK7JEr2SgRSLV6A4thuGxAKU6FU2W9P76J\/slc5WDjchKuAe8oQ5e6IWmvplSItLm5x9xzYN2YcN3TMF5Zt6MVPFydXGjhvC5HeiWEmoa5+KoJx6Ol463EQeohA4FCALiDZM45zb+8PdaRolK3G\/BiElkq4rFCFOtvxcMQ==","iv":"ba1a8b0cc6ec81801de7149bc007a90b","s":"44a86ed37465fde1"}
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