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tuesday
Lv 7
tuesday asked in Local BusinessesUnited StatesNew York City · 2 months ago

Is there any way Bergdorf Goodman + Neiman Marcus will stay open?

I'm not clear how Chapter 11 works - is it possible that BG and NM will stay open? Crossing fingers - I don't want to lose either. 

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2 Answers

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  • A Hunch
    Lv 7
    2 months ago
    Favourite answer

    Neiman Marcus completed it's BK in Sept 2020.  For now, it has eliminated it's debt and can move forward.

    Bergdorf Goodman is a subsidiary of Neiman Marcus and will continue on too. 

  • kswck2
    Lv 7
    2 months ago

    Bankruptcy happens when liabilities outpace revenue. So they will refinance their debt, maybe sell off some bad holdings and reopen.  

    But I wouldn't bet on them being around for another 100 years. 

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