Neiman Marcus Likely to File for Bankruptcy Within Days of Finalizing Deal With Lenders

It would be the second retailer with a significant amount of institutional debt to do so

Neiman Marcus is likely to file for bankruptcy as soon as this week as it nears a deal with a group of lenders led by Pacific Investment Management Co. (Pimco), which would gain control of the company via a debt for equity swap, sources familiar with the situation confirmed to Adweek, who requested anonymity due to the confidentiality of the negotiations.