Following weeks of discussions, luxury retail chain Neiman Marcus is gearing up for a bankruptcy filing as soon as Wednesday, the Wall Street Journal reported. The retailer, whose stores are currently closed due to the coronavirus epidemic, hopes to restructure its massive $4.7 billion debt load and reopen most stores after the crisis. Neiman’s interest payments due in April total $120 million, and the firm missed one payment last week. The company is near a
source https://therealdeal.com/2020/04/21/neiman-marcus-closes-in-on-bankruptcy-filing/
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