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Bankrupt Neiman Follows Ralph and Kohl’s in Slashing Jobs

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Bankrupt Neiman Marcus Group is getting rid of jobs before it exits Chapter 11. “Neiman Marcus Group is now in a much stronger financial position than we were prior to our Chapter 11 restructuring. NMG will emerge with substantially reduced debt, one of the best capital structures among multi-retailers, and enhanced financial flexibility. We are…

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