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Luxury Retailer Neiman Marcus Set To Reorganize

Neiman Marcus filed for bankruptcy -- but is not liquidating and plans to restructure. The company is “the first major department store group to file for bankruptcy protection during the coronavirus pandemic. It’s a stunning fall that follows the collapse of Barneys New York late last year and comes as shadows gather over chains like Lord & Taylor and J.C. Penney,” per The New York Times.

Read the whole story at The New York Times »

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