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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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