Neiman Marcus Is About to Become the First Department Store Casualty of COVID-19
High-end retailer Neiman Marcus Group is about to become the first department store to succumb to the coronavirus pandemic, with Reuters reporting it will file for bankruptcy as early as today.
However, while the chain is seeking to line up $600 million in financing to allow the company to reorganize, several private equity investors want Neiman Marcus to sell itself instead.
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Source Fool.com