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Neiman Marcus Creditor Says Asset Shuffle May Have Triggered Default

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

A creditor of Neiman Marcus Group Ltd. is questioning whether the struggling retailer defaulted on its debt by shuffling one of its most promising units beyond the reach of creditors. Marble Ridge Capital LP said Friday in a statement that Neiman Marcus’ recent transfer of its MyTheresa unit was improper, and may have violated terms…

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