Hints and tips:
...Jones, who has overseen other high-profile bankruptcies including Cineworld Group, Serta Simmons Bedding and Neiman Marcus, was only one of two judges in the Southern District of Texas venue who could have...
...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that confirms the changing fortunes of one of New York City’s largest property developments....
...In recent years he oversaw a string of high-profile cases including Cineworld Group, Serta Simmons Bedding and Neiman Marcus....
...However, he was also well-known for two memorable verbal fusillades launched during the 2020 bankruptcy hearings for department store chain Neiman Marcus, perhaps the most sensational case that landed in...
...Kamensky’s downfall came during the 2020 bankruptcy of retailer Neiman Marcus where his own hedge fund, Marble Ridge, had been a bondholder....
...Some of the bigger names include yoghurt brand Chobani; office-supply store Staples; Abercrombie & Fitch; Neiman Marcus; Community Health; Ardagh Group; and even Altice. Bonne chance....
...By contrast, the anchor tenant for the shopping mall, Neiman Marcus, was pushed into bankruptcy in 2020 by the Covid pandemic, leaving three abandoned floors....
...Goldman Sachs has hired a senior Google executive to co-head a newly created innovation group, the latest example of the Wall Street bank mining talent from a tech giant....
...“It’s done phenomenally well,” says Lana Todorovich, president of luxury retailer Neiman Marcus. “It brought an idea of glamour [that was missing in beauty].”...
...This sort of geographical expansion in the US is relatively new for luxury brands, which used to rely on department stores such as Saks or now-bankrupt Neiman Marcus to serve much of the country....
...The list includes household names such as JC Penney, Brooks Brothers, J Crew and Neiman Marcus. Since then, the number of retail bankruptcy filings has reduced sharply, down more than half in 2021....
...According to the indictment, Rubinov and a group of employees bought stolen goods on a daily basis from 30 low-level thieves who targeted high-end department stores such as Bloomingdale’s and Neiman Marcus...
...Customers can buy direct from the website or via Neiman Marcus, Harvey Nichols and Bloomingdale’s....
...A prominent US hedge fund manager has been sentenced by a New York federal judge to six months imprisonment for his misconduct during the 2020 bankruptcy of luxury retailer Neiman Marcus....
...Still, this type of business accounts for a sizeable share of private equity-backed deals that get less attention than larger ones, especially those such as Toys R Us and Neiman Marcus that end up in bankruptcy...
...Bricks and mortar chains including JCPenney, Neiman Marcus, J Crew, Brooks Brothers and Canada-based Aldo filed for bankruptcy protection last year, but several later exited or were bought out of Chapter...
...Marcus....
...And department stores such as Selfridges and Neiman Marcus are courting those who seek genuine brand names and vintage pieces....
...In the instance of Neiman Marcus, its owners had been accused of asset stripping that had robbed creditors. The owners ultimately settled those charges for a $172m payment....
...The largest city in Texas in 2020 handled 41 cases, more than any other venue in America, including such major cases as JC Penney, Neiman Marcus and Chesapeake Energy....
...The Munich-based group, which was once part of bankrupt US retailer Neiman Marcus, priced its shares at $26 apiece on Wednesday — already the top of its targeted range — and they jumped to over $35 in early...
...The city handled 41 cases in 2020 — more than any other venue in the US — with major cases including JCPenney, Neiman Marcus and Chesapeake Energy....
...Kamensky had infamously tried to secure a sweetheart deal for his hedge fund in the 2020 bankruptcy proceedings of luxury retailer Neiman Marcus, despite owing fiduciary obligations to other creditors of...
...Yet the two investment groups had put in less than $1.5bn combined of the Neiman Marcus purchase price and by 2017, the retailer was struggling under the weight of nearly $5bn of buyout debt with sales and...
...Marble Ridge, the hedge fund at the centre of the Neiman Marcus bankruptcy, has told investors it is shutting down, a day after a court-ordered report castigated its managing partner Daniel Kamensky for...
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