Neiman Marcus Files for Bankruptcy Amid Pandemic

Neiman Marcus is feeling the effects of the global health crisis.
The fashion retailer, faced with a decline in sales amid the pandemic, has filed for bankruptcy, NBC News reported on Thursday (May 7).
“Like most businesses today, we are facing unprecedented disruption caused by the COVID-19 pandemic, which has placed inexorable pressure on our business,” Geoffroy van Raemdonck, chairman and CEO of Neiman Marcus Group, said in a statement.
The company “filed for Chapter 11 reo