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

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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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