Hints and tips:
...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....
...Rybolovlev said that given the scale of his investment and business holdings, he relied on deputies to handle the logistics of his art purchases....
...The real-life experience of LBOs in the department store space has been much less fruitful, with post-LBO Neiman and Belk landing in Chapter 11, while other outside-influenced department stores have also...
...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...
...“The big question at the moment is who is holding up the price . . . I think it’s the central banks.”...
...They sold furs to Neiman Marcus or something,” he says. “Remember, this was the 1980s. This was the time of Dynasty.”...
...Once seen as the future of finance, the plans of companies such as Affirm, Dave Inc, MoneyLion and Upstart Holdings to take on established financial institutions are fizzling out....
...Meanwhile, real estate developers and investors have latched on to life sciences as the rise of working from home threatens financial returns from their office holdings....
...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....
...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...
...Before becoming chief financial officer, Scherr was head of Goldman’s consumer and commercial banking division where he helped launch Marcus, the firm’s consumer lending brand....
...Marcus....
...Mr Kamensky had no interest in taking over Neiman Marcus....
...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...
...Daniel Kamensky, the hedge fund manager at the centre of the Neiman Marcus bankruptcy, has been arrested and charged with fraud, extortion and obstruction of justice for allegedly attempting to subvert a...
...The court has yet to schedule a hearing to decide on next steps, which could delay an agreed-upon plan to hand control of Neiman Marcus over to its senior lenders....
...Neiman Marcus: how Marble Ridge fell out of fashion “You come at the king, you best not miss.”...
...The New York hedge fund manager has been accused of a breach of his duty to fellow Neiman Marcus creditors, after trying to persuade a rival investor not to bid for preferred shares issued by a unit of the...
...Drop us a line and join the conversation: Due.Diligence@FT.com His Theresa: a hedge fund manager’s stunning slip-up at Neiman Marcus Pity the man charged with picking through the wreckage of Neiman Marcus...
...The prominent US hedge fund manager was sentenced to six months in prison on Friday, a term set to begin in June, for his misconduct during the 2020 bankruptcy of luxury retailer Neiman Marcus....
...Neiman Marcus declined to comment. Mr Beilinson did not respond to request for comment....
...MyTheresa was owned by Neiman Marcus Group Ltd LLC until, almost two years ago, the online retailer was transferred up to a parent company, The Neiman Marcus Group Inc....
...Look at J Crew and Neiman Marcus, which have filed for bankruptcy....
...The coronavirus crisis has proved too much for several of Nordstrom’s peers, tipping Neiman Marcus and Lord & Taylor into Chapter 11 bankruptcy protection....
...Goldman Sachs is hiring an Uber engineering executive, Peeyush Nahar, to run Marcus, its digital banking unit. He will join the bank on June 1, per the WSJ....
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