Bankruptcy court approves Neiman Marcus’ plea to access financing
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.
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.
Posted by Reuters
