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

a neiman marcus storefront
Neiman Marcus may be the next national chain to file for bankruptcy during the pandemic. Getty Images

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.

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@RichCollings Richard Collings is a retail reporter at Adweek.