As Bankruptcy Looms for Neiman Marcus, CPPIB Gets Badly Burned on Retail

Posted on 04/20/2020

Dreams for a turnaround are increasing low as Dallas-based Neiman Marcus Group, Inc. struggled before the economic impact of the Wuhan coronavirus (COVID-19) pandemic. In 2019, Neiman Marcus, the U.S. luxury department store retailer, tried to stave off a financial calamity by extending its due dates on its heavy debt obligations in a restructuring deal […]

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