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Dec. 13, 2025
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Retail

US department store giant Neiman Marcus Group files for bankruptcy, sheds $4B in debt

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 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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  1. Off the Cuff: A Q&A with Boucheron's Hélène Poulit-Duquesne
  2. Actress Chase Infiniti accepts Louis Vuitton ambassador role
  3. Hermès, Goyard lead consigner sales in 2025: Rebag
  4. Chase opens new Sapphire Lounge in Las Vegas
  5. HNWIs report surging interest in luxury cruises: Altiant, ILTM
  6. Hilton launches loyalty program at sea with Explora Journeys
  7. From maps to masterpieces: Luxury needs a tour de force, not tinsel
  8. Mercedes-Benz signs Coco Gauff as global ambassador
  9. Luxury automakers reveal new concepts, activations at Art Basel Miami
  10. Gucci studies connection in spring/summer 2025 campaign
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