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US department store giant Neiman Marcus Group, with $250M in fresh debtor financing, gets to live another day

Taking the right steps: Saint Laurent Cassandre YSL 110mm Sandals selling at Neiman Marcus, $995. Image credit: Neiman Marcus Taking the right steps: Saint Laurent Cassandre YSL 110mm Sandals selling at Neiman Marcus, $995. Image credit: Neiman Marcus

 

Troubled U.S. department store chain Neiman Marcus has received a cash infusion of $250 million to continue its business operations as states lift the COVID-19 lockdowns imposed up and down the country.