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

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

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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