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Neiman Marcus Bankruptcy Filing Likely Over Next Six Months: S&P

Biodegradability or recycled? Carbon inset or carbon offset? Lean manufacturing or made to measure? Blockchain or chasers? There are many routes to sustainability. Come learn the relative advantages each, and learn how to design strategies that address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

Neiman Marcus is the latest department store operator to see its credit ratings suffer. The S&P Global Ratings group downgraded The Neiman Marcus Group LLC’s credit rating, citing its unsustainable capital structure and a growing expectation that the debt-laden chain will file for bankruptcy or undertake a restructuring. The over-leveraged Dallas-based luxury department store firm’s corporate…

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