Following a summer that saw a number of retailers file for bankruptcy and several go out to business, Neiman Marcus has bucked that trend.
The high-end department store has emerged from Chapter 11 bankruptcy protection, having completed its restructuring process and implemented its Plano of Reorganization.
“With the successful implementation of our restructuring, Neiman Marcus and Bergdorf Goodman will continue to be the preeminent luxury shopping destinations for years to come,” said Geoffroy van Raemdonck, Chief Executive Officer of Neiman Marcus Group. “While the unprecedented business disruption caused by COVID-19 has presented many challenges, it has also given us the opportunity to reimagine our platform and improve our business.”
Four retail brands make up the Neiman Marcus Group — Neiman Marcus Bergdorf Goodman, Last Call and Horchow. In addition to the company’s websites and catalogs, its physical presence includes 43 Neiman Marcus locations across the United States, 2 Bergdorf Goodman stores in Manhattan and 22 Last Call locations.