#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19

#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19

“#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19” Neiman Marcus said on Friday it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses during the COVID-19 pandemic. Its restructuring plan eliminated more than $4 billion of debt and $200 million of annual interest expense. The luxury department…

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