New Markdowns at Neiman Marcus Weve assembled some of the seasons most show-stopping looks and gathered tips from our insiders to help you show up to nights out as your most confident self, As you curate your wardrobe for this season and beyond, look to these investment pieces defined by artisanal craftsmanship and premium materials. For non-personal use or to order multiple copies, please contact A Year After Exiting Bankruptcy, A More Focused Neiman Marcus Emerges The Dallas-based retailer's demise at Hudson Yards was rumored even before the location opened in March 2019. Our Standards: The Thomson Reuters Trust Principles. NEW YORK, NEW YORK - APRIL 22: A view of Neiman Marcus at The Shops at the Hudson Yards during the [+] coronavirus pandemic on April 22, 2020 in New York City. A senior executive at the company once said to me, Never tell yourself that you know who your customer is; thats when you stop thinking about who they want to be, Mirabile shares. https://www.wsj.com/articles/neiman-marcus-appoints-new-compliance-chief-following-pandemic-slump-11625777463. Neiman Marcus and Brunello Cucinelli Debut First-of-its-Kind Collaboration with Exclusive Muse of the West Collection. FREE SHIPPING ON QUALIFYING ORDERS OF $50+ FREE RETURNS & EXCHANGES, EARN A $50-$500 GIFT CARD WITH CODE JULYGC, MORE DESIGNER STYLES JUST ADDED: UP TO 50% OFF, RECEIVE 15% OFF WHEN YOU SIGN UP FOR TEXTS, The new Neiman Marcus app is here! 0:30. The chain, which emerged from bankruptcy last September, has seen its sales recover after last . July 8, 2021 4:51 pm ET. He lit a fire in the hearts of the customers and the institution, which was carried forward by Tansky. Under the partnership, Farfetch will power the website and mobile application of Bergdorf Goodman, the New York-based luxury department store that Neiman Marcus acquired in 1972. Related news: Neiman Marcus Emerges From Chapter 11 Neiman Marcus filed for bankruptcy in May of 2020, blaming the pandemic for placing "inexorable pressure" on its business. After successfully remaking the Atrium Mall in Chestnut Hill as a fitness and medical complex, developer Bulfinch Companies has set its sights on converting another higher-end retail site: the Neiman Marcus store in Natick. The industry leader for online information for tax, accounting and finance professionals. As for the future of the luxury market without a Neiman Marcus or Bergdorf Goodman, both Furman and Mirabile dont believe it will come to that in the short-term, but it may come eventually as it did for Barneys. Free Shipping & Free Returns at Neiman Marcus. 35 American luxury retailer Neiman Marcus Group (NMG) has just disclosed a major data breach impacting approximately 4.6 million customers. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Quarterly revenue increased roughly 39% from a year earlier to $979 million, but declined 6.7% from 2019, they said. in Neiman Marcus statt in Yoox Net-a-Porter, Cannaluxe And Neiman Marcus Make QR Codes The Height Of Fashion, QR code campaign drives 150,000 connected TV viewers to Neiman Marcus website, Neiman Marcus Group Says Remote Work Has Boosted Retention Rates, How Neiman Marcus CEO is riding the luxury pandemic boom to rebuild post-bankruptcy, Last call winter sale: Save up to 75% off Neiman Marcus, Neiman Marcus appoints new leadership, invests in supply chain and tech, Neiman Marcus sells Natick Mall unit to retail redeveloper, Neiman Marcus Group pushes back against e-commerce split, Neiman Marcus Could Split Into Three Businesses, Neiman Marcus Nearly Quadruples Earnings With Reduced Markdowns, Neiman Marcus Group Addresses Fiscal Q1, Perceptions and the Path Ahead, Neiman Marcus Group names three women to senior vice president roles, Neiman Marcus releases its annual Christmas fantasy gifts collection, Custom $285K GMC Hummer EV is Neiman Marcus' fantasy gift car, Neiman Marcus Sales Show Rebound From 2019 Levels, Neiman Marcus Group CFO jumps to mens apparel retailer, Neiman Marcus just announced a hack that affects 4.6 million customers, Neiman Marcus Confirms Unauthorized Access to Customer Online Accounts, 4.6M Neiman Marcus customers affected by data breach, Neiman Marcus says cybersecurity incident affects more than 4 million customer accounts, Neiman Marcus and Hypebeast collaborate on virtual sneaker showroom, Leadership must become empathetic, Neiman Marcus Group VP says, A Year After Exiting Bankruptcy, A More Focused Neiman Marcus Emerges, DI People: projekt202, Neiman Marcus Group, Ryan, and More Make Moves, Video shows stream of handbag thieves sprinting out of San Francisco Neiman Marcus. Not learning from it could be far worse, New York hedge fund founder pleads guilty to Neiman Marcus fraud, Neiman's chief digital officer out amid e-commerce revamp, Neiman Marcus Group To Invest $85 Million In Its Supply Chain, For the Retail Industry, 2020 Was a Wild Ride, Neiman Marcus CEO may cut pricey perk for top execs: report, How a luxury e-commerce founder continued a key partnership with Neiman Marcus throughout the pandemic, while leaning into a socially distanced business model, Neiman Marcus Group plans store layoffs in pivot to e-commerce, JC Penney, Neiman Marcus make moves to survive bankruptcy, Neiman Marcus gets court OK on bankruptcy plan, Neiman Marcus foe arrested as retailer tries to cross bankruptcy finish line, Neiman Marcus Group Receives Court Approval of Reorganization Plan, Neiman Marcus Approved to Exit Bankruptcy After Critics Arrest, Neiman Marcus Bankruptcy Ends, Marked by Arrest of Nemesis, Hedge Fund Founder Kamensky Draws U.S. Charges in Neiman Bid, New York hedge fund founder charged with fraud tied to Neiman Marcus bankruptcy, Neiman Marcus Sues Marble Ridge Over Alleged Bid Rigging, Neimans Targets Marble Ridge Over Conduct During Reorganization, Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge, J.Crew plans to exit bankruptcy in early September, Neiman Marcus execs face slashed retirement as CEO rakes in bonuses, Neiman Marcus creditors are still agitating in final innings of bankruptcy, Marble Ridge Grave Mistake Roils Neiman Marcus Bankruptcy, Marble Ridge Accused Of Dashing Neiman Marcus Ch. Discover now, Explore the styles topping our customer-favorite lists, Introducing our new video series bringing you inspiration for spring outings from celebrity stylists Sophie Lopez, Molly Dickson, and others, Give voice to your personal style with new arrivals from the latest collection, Bixie Floral Sleeveless Lace Detail Midi Dress, Rockstud Caged Ankle-Strap Stiletto Sandals, Paisley Pleated Long-Sleeve Engineer Midi Shirtdress, Beau EKD Short-Sleeve Mini Polo Shirtdress, Skyhigh Patent Ankle-Strap Platform Pumps, Sporty Kate 85mm Patent Soft Lining Red Sole Pumps. It's Finally Official: Neiman Marcus Is Closing At Hudson - Forbes In retrospect, its clear that Neiman Marcus never recovered from the 2008/2009 recession and has been struggling ever since. Everybody knows that the definition of luxury is no longer about stuff and conspicuous consumption. Has Neiman Marcus Lost Its Luster After Bankruptcy Redemption? The luxury retailer partners with Schiaparelli to showcase fall-winter 2022 collection and homecoming celebration for Daniel Roseberry in Texas. It's anonymous! Dylan Tokar. Brookfield Properties owns the mall, considered the largest indoor shopping center in New England, but not the building that Neiman Marcus occupies. Men's apparel, women's shoes, handbags and jewelry . An in-depth article in D Magazine from 2010 reads pretty much like the latest news, only the names and size of the companys total debt $2.3 billion then and $5.1 billion now have changed. At Neiman Marcus, you'll get amazing deals in our new markdown sale. Suspected thieves grab pricy handbags and flee Neiman Marcus - CNN Its led to a homogenization of luxury retail, he says. July 20, 2021 7:41pm Updated Department store chain Neiman Marcus has retained JPMorgan to help it explore its strategic alternatives, including a possible sale of its crown jewel, Bergdorf. New & Now: Women's, Home & Kids New Arrivals | Neiman Marcus Stanley had such a personal drive, shares Furman. NMG | News Releases - Neiman Marcus Group Neiman Marcus. Neiman Marcus Group Announces Evolved Leadership Structure to Deliver Jon Chesto can be reached at jon.chesto@globe.com. The chain, which emerged from bankruptcy last September, has seen its sales recover after last years pandemic restrictions. A representative for the company declined to comment. Neiman is joining the . We are excited to announce the launch of The 2023 Neiman Marcus Awards, a platform to recognize and amplify breakthrough luminaries in fashion globally. Select a sort option to sort products in this category. Neiman Marcus faces rift with big luxury labels including Gucci, $1 Billion Refinancing at Neimans; Confidential Memo Reveals Challenges, Alaska Native group, Neiman Marcus settle lawsuit over coat, The SolarWinds breach was bad. While things are still fluid, speculation continues that Saks Fifth Avenues owner Hudsons Bay Co. could emerge as a potential buyer, as it has long desired to add Neiman Marcus to its portfolio. After A Year Of Sweeping Change, Neiman Marcus Holds Tight To - Forbes Neiman Marcus, a Symbol of Luxury, Files for Bankruptcy The high-end retailer is not liquidating, and expects to emerge from restructuring later this year. This just in: Pre-fall collections from your favorite designers have landed. You may opt-out by. Bulfinch Companies. Neiman Marcus Group Announces New, Expanded Partnerships to Support What does luxury mean when the very act of dressing in luxury-brand finery underscores the widening chasm between the haves and the growing number of have-nots. Is Neiman Marcus Selling Bergdorf Goodman? Good Genes All-In-One Lactic Acid Treatment, 1.7 oz. Explore our curated fashion edits specially catered to a range of styles and needswhether youre looking for the best luxury pieces to invest in or wondering whats arrived hot off the runway. Today's Edition; Crosswords & Puzzles; Most Commented; . Neiman Marcus | New York Post Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Opinions expressed by Forbes Contributors are their own. Neiman Marcus seemed unable to pivot its core strengths with sufficient alacrity to retain (or gain) the interest of an increasingly distracted and disloyal consumer.. . Neiman Marcus data breach impacts 4.6 million customers Now on the ascendant is the connection with family and friends. Neiman Marcus Group Layoffs - TheLayoff.com Feb 14 (Reuters) - Neiman Marcus Group said on Tuesday it would lay off about 5% of its workforce, or around 500 employees, as the luxury department store chain looks to cut costs in a tough. The developers will not say what they plan to do with the property, which features 18-foot ceiling heights and 450 parking spaces, other than to reposition it to meet current market demands. Translation: Theres a good possibility it gets switched to a life science use such as labs. Neiman Marcus is the latest U.S. retailer to announce job cuts. . Select a sort option to sort products in this category. At Neiman Marcus, youll get amazing deals in our new markdown sale. In retrospect, its clear that Neiman Marcus never recovered from the 2008/2009 recession and has been struggling ever since. FREE SHIPPING ON QUALIFYING ORDERS OF $50+ | FREE RETURNS & EXCHANGES. Dallas, Texas About Neiman Marcus Group Neiman Marcus Group is one of the largest multi-brand luxury integrated retailers in the U.S. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, 'Quiet luxury': No flash, no logos, but big-time style, $90 cream and $10 toothpaste: Companies target big spenders, Fantastic Voyage actress Raquel Welch dies aged 82, LaQuan Smith brings showstopping Hollywood glamour to NYFW, Fashion creators sue Hailey Bieber over her new brand's name, Holiday season moves into high gear but challenges remain, Theft-plagued Walgreens closing 5 more San Francisco stores, San Francisco hits back at shoplifting videos insisting theft is down, Video emerges of shoplifting raid on San Francisco department store, Retailers shine a spotlight on Black-owned beauty brands, California eyes shuttered malls, stores for new housing, Alaska Native group, Neiman Marcus settle lawsuit over coat, The holidays could make or break struggling stores, Iconic chain JC Penney files for bankruptcy as US retail sales plunge. Farfetch Ltd , an online retailer of luxury fashion products, said on Tuesday it will make an investment of up to $200 million in Neiman Marcus Group, gaining a stronger foothold in the U.S. as . Shop the latest arrivals of women's designer clothing, shoes, accessories, beauty and jewelry, along with home decor and kids must-haves, at Neiman Marcus. The result: it lost the passion. That property is anchored by the Life Time fitness chain, the Dana-Farber Cancer Institute, and Newton-Wellesley Hospital. With this deal in place, Neiman Marcus will continue to operate the store through September 2022. Find your style rhythm this summer with pieces curated with music and your unique fashion expression in mind, including bold boots, statement sunglasses, and other hit pieces. This copy is for your personal, non-commercial use only. Enjoy free shipping and free returns! Last summer, the company refinanced to push out due dates for its loans to 2023 and 2024, but that also increased debt expense to some $300 million annually. We ask: Its going to be a major reset, concludes Furman. In addition to 36 Neiman Marcus stores, the company. Stay ahead of the style curve by discovering cant-miss trends, new names to know, exclusive capsules, and more insider content. Luxury retailer Farfetch invests in Neiman Marcus | Reuters What role does a multi-brand luxury department store, like Neiman Marcus, play in a world where its well-heeled customers are afraid to go to a store? Our expert style advisor Lauren G. shares how to make the most of your swimwear for a variety of settings, whether youre traveling to a remote locale or just enjoying a staycation. FREE SHIPPING ON QUALIFYING ORDERS OF $50+ | FREE RETURNS & EXCHANGES, EARN A $50-$500 GIFT CARD WITH CODE JULYGC, MORE DESIGNER STYLES JUST ADDED: UP TO 50% OFF, RECEIVE 15% OFF WHEN YOU SIGN UP FOR TEXTS, The new Neiman Marcus app is here! In spite of the rumors, Neiman Marcus proceeded with a 188,000 square-foot store . I dont know if any company has figured out the implications of that., This is a BETA experience. The Neiman Marcus store in Natick will close next year to make way for redevelopment of the space. Neiman Marcus - Wikipedia COVID-19 has spread to most countries around the world, claiming over 184,000 lives lost with over 2.6 million infections reported. The Wall Street Journal calls todays bankruptcy filing a blow to Ares and CPPIB. And as Neiman Marcus became less differentiated in the eyes of its customers, it took its eyes off the real prize: Getting greater share of wallet from the most elite customers. DALLAS, July 27, 2022 /PRNewswire/ -- Neiman Marcus Group ("NMG" or the "Company") announced today its strategy for a collection of "corporate hubs" to support its integrated working philosophy . With the changes in both leadership and ownership over the last decade or so, Neiman Marcus devolved from its originating entrepreneurial spirit to a corporate mentality. 1.888.888.4757, Neiman Marcus Group Releases First People Report and Updates Progress Toward 2025 ESG Goals, Neiman Marcus Group Previews New Corporate Hub with Dallas Mayor Eric L. Johnson, Neiman Marcus Group CEO Geoffroy van Raemdonck Honored at the 74th Annual Parsons Benefit, BERGDORF GOODMAN ANNOUNCES THE LAUNCH OF 'CONSCIOUS CLOSET', Balmain Serves Up Exclusive 'Summer Set' Activation and Collection at Neiman Marcus, Neiman Marcus and Brunello Cucinelli Host an Evening to Celebrate the Debut of the Exclusive Icon Collection in Honor of the Neiman Marcus Awards, Neiman Marcus Group Revolutionizes Impact throughout Earth Month, Neiman Marcus Celebrated Women's History Month with Exclusive Customer Experiences in All 36 Stores, CHRISTIAN LOUBOUTIN MAKES A SPLASH WITH 'A LA PISCINE' COLLECTION EXCLUSIVELY FOR NEIMAN MARCUS CUSTOMERS, Neiman Marcus Expands to New Categories, Offering Exclusive Product and In-Store Activations with Ferragamo for Luxury Customers, Neiman Marcus Celebrates Award Recipients Who Revolutionize Luxury Experiences, Neiman Marcus Group Announces Evolved Leadership Structure to Deliver High Value Customer Growth, New Neiman Marcus Awards for Creative Impact and Innovation Celebrate the Industry's Future, Stella McCartney Partners with Neiman Marcus for Rewilding and Rechilding Experience Exclusively for its Luxury Customers, Neiman Marcus Group and Fashion Scholarship Fund Announce 2023 Recipients of New NMG x FSF Scholarship, Neiman Marcus Appoints Chief Brand Officer and Chief Retail Officer, Neiman Marcus Group's Geoffroy van Raemdonck and Katie Anderson to Present at 2023 ICR Conference, Neiman Marcus Group Earns "B" on First CDP Climate Disclosure, Amber Ruffin Celebrates the Best Holiday Gifts with a Festive Neiman Marcus 'White Elephant' Event, Neiman Marcus Group Launches NMG Awards to Honor Luminaries Who Revolutionize Luxury Experiences, Neiman Marcus hosts Martha Stewart for the Unveiling of One-of-a-Kind Palladian Tree by Baccarat at Neiman Marcus Downtown Dallas, Neiman Marcus Debuts Holiday 2022 Campaign: Make the Moment, New Schiaparelli Launches at Neiman Marcus Downtown, Neiman Marcus Group Delivers $5 billion of GMV in FY22, Demonstrating Strength of Integrated Luxury Retail Model. Neiman Marcus Group Inc. has recruited a legal and compliance chief with experience in corporate sustainability as the retailer prepares to launch an environmental, social and governance plan. Back in my days at Bergdorf Goodman, if the market dipped, people stopped shopping for three days, but then they were back at the mark, says, List Of Retail Companies On Bankruptcy Watch Is Growing Fast Amid Coronavirus Crisis, With A Loud Shout Out In Succession, Norwegian Wool Is Riding The Quiet Luxury Trend, Crate And Barrel Takes A Purposeful Turn As Home Furnishing Demand Drops, How Brands And Retailers Are Reacting To Threads, Reformation Opens A New NYC Flagship, Taking Its Tech-Forward Retail To The Next Level, London Calling: 5 Businesses Helping To Evolve The City, Why It Took A Civilian To Save The Militarys $8.5 Billion Retail Operation, Decrypting The Web3 Strategy Behind Dior Mens Connected B33 NFT Sneakers, Copenhagen Airport Chooses Heinemann For A Further 10-Year Retail Stint. I know Saks and Nordstrom send nowhere as near as much .not sure bout Bloomingdales. Neiman Marcus reinvests, unveils hybrid workspaces - Axios Neiman Marcus is your go-to destination for the latest in womens designer clothing, shoes, accessories, handbags, and jewelry, as well as luxury home decor and everything you need for kids. Neiman Marcus (@neimanmarcus) / Twitter [+] Getty Images When Neiman Marcus Group announced plans to lay off about 5% of its. Select a sort option to sort products in this category. See here for a complete list of exchanges and delays. The score validates the company's strong management of climate issues as it continues to make ESG a critical part of its growth and transformation strategies DALLAS, Dec. 16, 2022 /PRNewswire/ -- Neiman Marcus celebrates the holiday season with a joyous White Elephant gifting event hosted by acclaimed comedian, talk show host and writer Amber Ruffin at Cucina Alba on December 6. Neiman Marcus buyers were often career experts in their categories, shares Mirabile. Explore stunning makeup looks created exclusively for us by celebrity makeup artist and Tom Ford education manager Allan Aponte. News 'Quiet luxury': No flash, no logos, but . Neiman Marcus to lay off about 5% of workforce | Reuters Currently, it is offering curbside pickup at ten stores, and two stores in Atlanta and NorthPark, Dallas are open by private appointment. But now in the aftermath where people go into defense, its going to take longer to get back to any normalcy in selling, if it ever gets back to normalcy, he continues. Style Your Swimwear; Style Inspo Series; Fashion Dossier: Pre-fall 2023 NEW; . All of this supported an unwavering focus on the guest and on creating a truly unique experience for them through superior assortments, services, and controlled promotion, Mirabile continues. Neimanmarcus.com and Nordstrom.com Monthly Visits thru April 2020. The 360 campaigncelebrating the holiday season with bold fashion, memorable luxury gifts, and philanthropylaunches today. They include the Atrium Mall project, known as the Life Time Center for the past four years or so since its repositioning. calls todays bankruptcy filing a blow to Ares and CPPIB. Neiman Marcus - latest news, breaking stories and comment - The Independent In essence, Neiman Marcus lost the customers loyalty because the company lost its loyalty to their customer. That was a lesson learned early by Mr. Stanley from his grandfather Marcus, who held a seat of honor by the front door of the flagship store where he greeted customers daily. The expansion of Bergdorf Goodman's ecommerce business into markets abroad could take place in a "matter of months," once the store's platform is outfitted with services from Farfetch, said Geoffroy van Raemdonck, CEO of Neiman Marcus Group. Is Neiman Marcus Selling Bergdorf Goodman, Excess inventory at Neiman Marcus squeezes Q3 margins, Neiman Marcus Has Its Luxury Strategy Backward, Neiman Marcus Earnings Hit by Steep Discounts, Softer Demand, Neiman Marcus Group Opens Corporate Hub in Dallas, Nordstrom, Neiman Marcus and other brands were buying clothes from a 'sweatshop' that paid just $1.58 an hour in California, Neiman Marcus Launches Exclusive Engagement With Christian Louboutin, Neiman Marcus Latest To Cut Staff As U.S. Neiman Marcus will acquire Stylyze, a Seattle startup that helps online home and fashion retailers, Neiman Marcus to spend $500M on new investments amid rebound, Neiman Marcus Rides a Rebound in Luxury Shoppers, A Return To Dressing Up: Retailers And Designers Say Dresses Are Back, Confidential Report: Neiman Marcus Group Cites Sales Rebound, New York hedge fund founder Kamensky sentenced to prison in Neiman Marcus fraud, Hedge-Fund Founder Seeks to Avoid Prison in Neiman Bankruptcy Fraud. Neiman Marcus is permanently closing its Washington, D.C. store, the latest addition after the company first announced in July it would shutter four department stores and 17 off-price Neiman. Thats old news. The deal is a "strategic opportunity for Farfetch to stand out among service providers and to benefit from the strength of the local US customers," said Luca Solca, analyst with Bernstein, noting the move represented consolidation of the sector with Farfetch benefitting from sales assistant tools developed by Neiman Marcus. Discover now, Bixie Floral Sleeveless Lace Detail Midi Dress, Rockstud Caged Ankle-Strap Stiletto Sandals, Paisley Pleated Long-Sleeve Engineer Midi Shirtdress, Beau EKD Short-Sleeve Mini Polo Shirtdress, Pleated One-Shoulder Floral-Print Bow Gown, Crystal-Embellished Applique Mini Shift Dress, Knit Midi Dress with Pearlescent Embellishments, Multi Boucle Tweed Knit Drop-Shoulder Sleeveless Jacket. New This Week at Neiman Marcus Organization Neiman Marcus Group Recent News & Activity News Mar 23, 2023 Business Insider Nordstrom, Neiman Marcus and other brands were buying clothes from a 'sweatshop' that paid just $1.58 an hour in California News Mar 23, 2023 Footwear News Neiman Marcus Launches Exclusive Engagement With Christian Louboutin News Feb 17, 2023 Neiman Marcus Group Announces New, Expanded - Markets Insider Neiman Marcus Group | Company Overview & News - Forbes With all respect to top management, they didnt bring a sense of urgency to online marketing. But for understanding who they want to be, those insights can only come from time spent on the sales floor interacting personally with the customers. The two-floor, 94,000-square-foot store had originally been slated to close this year. 4th of July Sale - 25% Avis coupon code 2023, Sign up for Ballard Designs text alerts and get 25% Off, Michael Kors Promo Code: 10% Off first order, Get a $50 reward card using this AT&T promo code, Kohl's promo code: 30% Off for Kohl's Rewards Members. Comment! Since then, the company has struggled to service interest payments, let alone its debt principal. Designer Clothing, Shoes, Handbags, & Beauty | Neiman Marcus A Bulfinch affiliate has teamed up with Chicago investment firm Harrison Street to acquire the department store space at 310 Speen St., at the Natick Mall, in a deal brokered by Scott Black of Atlantic Retail. Neiman Marcus weighs possible sale of Bergdorf Goodman - New York Post The luxury retailer strengthens its partnership with Brunello Cucinelli for a Fall-Winter 2022 collection and immersive launch experience. Today, Neiman Marcus did the inevitable and filed for Chapter 11 bankruptcy in an effort to put $4 billion of its existing $5.1 billion debt behind it and restructure for the new normal after COVID-19. This is the time for family trips to the beach, romantic getaways, nights lingering on the patio with cocktails And weve got the looks for whatever youve got planned. Both Bergdorf Goodman and Neiman Marcus will join Farfetch's online marketplace, adding brands in key markets globally, the companies said. Exclusive news, data and analytics for financial market professionals, Reporting by Deborah Sophia in Bengaluru and Mimosa Spencer in Paris; Editing by Shounak Dasgupta and Alexandra Hudson, France upbeat on attracting major Tesla investment, finance minister says, Amazon workers at UK warehouse to strike during Prime Day event, Bed Bath & Beyond ends auction for Buy Buy Baby stores, Airbus to handle some A380 repairs after wing-spar cracking, Central bankers lay out digital currency cyber threat, US private-equity firm 777 Partners in talks with Boeing, ATR over new jet order, Tesla wants EPA to finalize tougher vehicle emissions rules. Back in my days at Bergdorf Goodman, if the market dipped, people stopped shopping for three days, but then they were back at the mark, says Greg Furman, founder of The Luxury Marketing Council and who was mentored by famed Stanley Marcus when he served as senior vice president of marketing at Bergdorf Goodman in the 90s. Neiman Marcus Group Releases First People Report and Updates Progress