Bankruptcy court approves Neiman Marcus' plea to access financing

May 8, 2020 by  
Filed under News

U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company’s business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

Source: Reuters Business News

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