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Neiman Marcus to file for bankruptcy as soon as this week: sources
https://www.foxbusiness.com/markets/...cy-coronavirusQuote:
Pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations and furlough many of its roughly 14,000 employees
Sounds like this was a zombie company before the forced shutdowns.
$5 Billion in debt with monthly payments in the millions and they're blaming the collapse on coronavirus?
You really see who's swimming naked when the tide goes out.
I can see JC Penney blaming their impending bankruptcy on coronavirus as well.
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