Headlines

Neiman Marcus Restructuring Debt

Hires advisor to address its $4.9 billion debt

Published

7 years ago

March 6, 2017

amccorq

Department store Neiman Marcus (Dallas) has hired investment bank Lazard Ltd. (Hamilton, Bermuda) as a restructuring advisor to address its $4.9 billion debt.

The retailer currently operates 42 Neiman Marcus stores, two Bergdorf Goodman stores in New York and 27 Last Call clearance centers, reports Reuters.

Despite its financial challenges, Neiman Marcus has been renovating existing stores and is opening a flagship location at the new Hudson Yards project in New York.

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