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Neiman Marcus bondholder says company may be in default [Reuters]

ARES MGMT LP (ARES)  More Company Research Source: Reuters
Last ares mgmt lp earnings: 8/1 09:18 pm Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
PDF Neiman Marcus bondholder says company may be in default | Reuters 3 Min Read NEW YORK (Reuters) - Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default on its debt after it moved its Mytheresa business into an entity belonging to the retailer’s private equity owners. “These recent actions threaten the viability of a storied franchise that includes marquee brands such as Neiman Marcus and Bergdorf Goodman,” another luxury department store also owned by the retailer, said Dan Kamensky, managing partner of Marble Ridge, in a statement about the letter, parts of which were made public on Friday. Marble Ridge is working with law firm Brown Rudnick LLP and plans to organize with other creditors to look into the Mytheresa move, according to a person familiar with the matter. The hedge fund last year pursued a similar strategy with Singapore-based Global A&T; Electronics Ltd. “We believe a more re [Read more]

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