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Neiman’s Execs Are Getting $10M in Bonuses Before Bankruptcy Exit

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Bankrupt Neiman Marcus is moving closer to an exit from bankruptcy proceedings, but first it gets to pay up to $10 million in bonuses to its top executives. The debt-laden luxury retailer earlier this month sought permission to pay as much as $6 million to CEO Geoffroy van Raemdonck as part of a “Key Employee…

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