{"id":75735,"date":"2020-09-25T22:19:21","date_gmt":"2020-09-25T19:19:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/neiman-marcus-emerges-from-chapter-11-bankruptcy-amid-covid-19\/"},"modified":"2020-09-25T22:19:21","modified_gmt":"2020-09-25T19:19:21","slug":"neiman-marcus-emerges-from-chapter-11-bankruptcy-amid-covid-19","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/neiman-marcus-emerges-from-chapter-11-bankruptcy-amid-covid-19\/","title":{"rendered":"#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19"},"content":{"rendered":"<p>&#8220;<strong>#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/09\/neiman-marcus-emerges-bankruptcy-e1601061474756.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n                        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.<\/p>\n<p>Its restructuring plan eliminated more than $4 billion of debt and $200 million of annual interest expense.<\/p>\n<p>The luxury department store chain said it had a new board of directors, including former LVMH North America Chairman Pauline Brown and former eBay Chief Strategy Officer Kris Miller.<\/p>\n<p>Geoffroy van Raemdonck will continue to serve as chief executive officer of Neiman Marcus Group, which had filed for bankruptcy protection in May.<\/p>\n<p>The 113-year-old company\u2019s new owners, which include PIMCO, Davidson Kempner Capital Management and Sixth Street Partners LLC are funding a $750 million exit financing package that fully refinances its debtor-in-possession loan.\n            <\/p><\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2020\/09\/25\/neiman-marcus-emerges-from-chapter-11-bankruptcy-amid-covid-19\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Neiman Marcus emerges from Chapter 11 bankruptcy amid COVID-19&#8221; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":75736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/09\/neiman-marcus-emerges-bankruptcy-e1601061474756.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[72643,4978,72943],"class_list":["post-75735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-25-20","tag-bankruptcy","tag-neiman-marcus"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/75735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=75735"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/75735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/75736"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=75735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=75735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=75735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}