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Retail

Neiman Marcus Group said to mull bankruptcy as US retailer struggles with debt, COVID-19 shutdowns

March 24, 2020

Chanel's spring/summer 2020 collection glasses selling at Neiman Marcus. Image credit: Neiman Marcus Chanel's spring/summer 2020 collection glasses selling at Neiman Marcus. Image credit: Neiman Marcus

 

By Luxury Daily News Service

The coronavirus-induced closures may be the straw that broke the camel’s back for debt-laden Neiman Marcus Group, one of the most storied department store chains in the United States and a key channel for luxury fashion and leather goods brands.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
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  6. Bulgari names Chinese actress Liu Yifei as newest global ambassador
  7. Estée Lauder Cos., Jo Malone launch AI scent advisor
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  9. Savannah College of Art and Design debuts SCAD LUXE research center
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