NEIMAN MARCUS bankrupt?
In the United States, among the companies most affected by the pandemic are the clothing and shoe retailers. It includes physical and virtual stores, which are unable to obtain liquidity due to lack of sales, in an area that has lagged behind priorities for other products, such as food and hygiene.
Such situation, generalized in the different branches throughout the country, has caused a state of financial suffocation, which with minimal possibilities of new loans, specialized analysts consider that the bankruptcy request will be inevitable.
The NEIMAN MARCUS group, a symbol of commercialization in the United States, with headquarters in Dallas, carries a debt of US $ 4.8 billion, according to the rating agency Standard Poor’s. However, the company negotiates new loans with its creditors to maintain some of its operations during the bankruptcy procedure.
Meanwhile, the company temporarily closed 43 sales points across the country, 24 LAST CALL stores and 2 BERGDORF GOODMAN stores in New York, property of the same company.
Many of its 14,000 workers has suffered salaries reductions, have been fired or suspended. Other important companies in the field such as J.C. PENNEY, MACY’S and NORDSTROM also exhaust their last instances in search of financial bailout.
The NEIMAN MARCUS story began with the opening of their first store in 1907, in Dallas, by Neiman and Marcus families. The anecdote tells that they decided to continue with the retail business, after considering and rejecting an investment in a soft drink producer little known at the time called COCA COLA.
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