Neiman Marcus eyes Sunday bankruptcy filing, $600 million emergency funding [MSNBC.com]
Ares Management Corporation Class A (ARES)
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Source: MSNBC.com
A view of Neiman Marcus at The Shops at the Hudson Yards during the coronavirus pandemic on April 22, 2020 in New York City.Noam Galai | Getty ImagesIn bankruptcy, the retailer will work to flush its more than $4 billion of debt leftover from its sale to Ares Management and the Canada Pension Plan Investment Board in 2013. Even beforeVIDEO3:2203:22 veteran Jan Kniffen on why he predicts a lot of malls will fail post-coronavirusSquawk BoxNeiman Marcus is hoping its status as a luxury brand will help it emerge from the crisis a leaner and stronger company. The department store chain also owns high-end Bergdorf Goodman in New York's midtown.It does not plan to close any of its 43 Neiman Marcus stores as part of its planned Sunday bankruptcy filing, the people said. Still, retailers sometimes whittle down their store footprint while in bankruptcy.Neiman Marcus previously announced plans to wind down its off-price chain, Last Call, and shutter the majority of its 24 stores by the first qua
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ARES
Earnings
- 11/3/25 - Beat
ARES
Sec Filings
- 12/1/25 - Form 4
- 11/25/25 - Form 4
- 11/24/25 - Form 144
- ARES's page on the SEC website