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Neiman Gets the Nod for Bankruptcy Financing, But Troubles Are Far From Over

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Bankrupt Neiman Marcus Group received court approval Tuesday to access the total amount of its debtor-in-possession financing facility, a move that allows the luxury retailer to begin planning for fall and beyond. Following its Chapter 11 filing on May 7, Neiman initially received interim approval for $275 million as part of the first-day motions that…

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