Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.
- Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group’s independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company’s plan to reorganize under bankruptcy protection.
Neiman Marcus [NMRCUS.UL] filed for bankruptcy last week after prolonged store closures in response to the COVID-19 pandemic resulted in plunging sales. Neiman Marcus Chief Executive Geoffroy van Raemdonck told Reuters in an interview last week that the company is focused on reorganizing and that a deal with Saks is not at the top of its priority list, though he did not rule it out.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Marcus Jordan Reveals Best And Worst Parts About Being MJ's SonCan you imagine being the son of the most famous athlete on the planet?!? TMZ Sports spoke with someone who knows exactly what it's like ... and he's revealing the highs and lows of being Michael Jordan's kid.
Weiterlesen »
Chinese loan apps harass India's low-wage borrowers for repayment during lockdown - Business InsiderMillions of Indians are downloading instant-loan apps to make ends meet. During lockdown, borrowers say they are being harassed for repayment despite having no income.
Weiterlesen »
Stage Stores files for bankruptcy as pandemic chokes salesStage Stores Inc filed for Chapter 11 bankruptcy late on Sunday, the latest casualty of the coronavirus pandemic following the collapse of luxury store chain Neiman Marcus and apparel retailer J. Crew Group Inc.
Weiterlesen »
Premier Lacrosse League Enters Sports Betting With Genius Deal (EXCLUSIVE)The Premier Lacrosse League, which last week said it would stage a quarantined 16-day tournament, is getting into the sports betting business. The PLL has entered into a partnership with Genius Spo…
Weiterlesen »