May 7, 2020 / 2:23 PM / 23 days ago

Luxury department store chain Neiman Marcus files for bankruptcy

May 7 (Reuters) - Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.

Neiman, which filed for bankruptcy in a Houston federal court, said it reached agreement with creditors for $675 million of debtor-in-possession financing to aid operations while it attempts to reorganize. (Reporting by Mike Spector in New York and Nivedita Balu in Bengaluru; Editing by Saumyadeb Chakrabarty)

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