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

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

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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