Neiman Marcus Said to Mull Bankruptcy to Ease Crushing Debt Load

March 23, 2020, 11:08 PM

Neiman Marcus Group Inc., the luxury retailer that’s been struggling to ease its $4.3 billion debt load, is talking with lenders about filing for bankruptcy, according to people with knowledge of the matter.

No formal decisions have been made, but Neiman Marcus has held initial talks with lenders about a potential bankruptcy loan that would keep the company running while it works out a recovery plan, the people said. They asked not to be identified discussing a private matter.

A representative for Dallas-based Neiman Marcus declined to comment. A Chapter 11 bankruptcy filing would allow the company to keep ...

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