Neiman Marcus Expected to File for Bankruptcy

4/24/20

By Clark Schultz, SeekingAlpha

In an anticipated development, a bankruptcy filing for Neiman Marcus (NMG) could arrive as earlier as Sunday.

Sources say the department store chain is in talks with lenders for emergency financing of $600M to keep operating to a degree during the restructuring process.

The pandemic put an end to speculation that Hudson's Bay (OTCPK:HBAYF) would swoop in to buy Neiman.

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