Sources: Neiman Marcus to file for bankruptcy as soon as this week [MSN Money]
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Source: MSN Money
(Reuters) - Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. departmt store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said.© Reuters/MARK MAKELAThe debt-lad Dallas-based company has be left with few options after the pandemic forced it to temporarily shut all of its Neiman Marcus locations, roughly two doz Last Call stor and its two Bergdorf Goodman stor in New York.Load ErrorNeiman Marcus is in the final stag of negotiating a loan with its creditors totaling hundreds of millions of dollars, which would sustain some of its operations during bankruptcy proceedings, according to the sourc. It has also furloughed many of its roughly ,000 employe.The bankruptcy filing could come within days, though the timing could slip, the sourc said. Neiman Marcus skipped millions of dollars in debt paymts last week, including one that only gave the company a few days to a
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