Mostly Cloudy 29°
Tag:

The Mall at Short Hills

Business
Neiman Marcus Reportedly Filing For Bankruptcy Amid COVID-19 Crisis Neiman Marcus Reportedly Filing For Bankruptcy Amid COVID-19 Crisis
Neiman Marcus Reportedly Filing For Bankruptcy Amid Covid-19 Crisis Neiman Marcus is preparing to seek bankruptcy protection as soon as this week, Reuters reports. The company is the first major U.S. department store operator to crumble during the coronavirus shutdown, which closed 43 locations -- along with nearly 24 Last Call stores and a pair of Bergdorf Goodmans in New York. A negotiation loan totaling hundreds of millions of dollars is in the final stages with creditors, as Neiman Marcus is $4.8 billion in debt, Reuters says. Neiman Marcus' three New Jersey locations are at Westfield Garden State Plaza in Paramus, a Last Call Studio at The Outlets at …

SHARE

by Cecilia Levine