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US department store chain Neiman Marcus Group emerges from Chapter 11 bankruptcy, eliminating $4B+ in debt

Posted By Luxury Daily News Service On In Apparel and accessories,Featured,Industry sectors,Retail | No Comments
Sunset-hued silk caftan from Tom Ford available at Neiman Marcus. Image credit: Neiman Marcus Sunset-hued silk caftan from Tom Ford available at Neiman Marcus. Image credit: Neiman Marcus

 

By Luxury Daily News Service

Neiman Marcus Holding Company Inc., formerly known as Neiman Marcus Group Ltd. LLC, has emerged from voluntary Chapter 11 protection after completing its restructuring process and implementing its plan of reorganization.