A Message to Our Customers
Posted on May 08, 2020
Neiman Marcus has always focused on delivering the most exceptional and personal luxury experiences, and we are proud of our history which spans over 100 years. But the unprecedented global crisis from the COVID-19 pandemic ultimately made it impossible to continue to service our debt and maintain normal operations.
Therefore, we have reached an agreement with lenders to undergo a financial restructuring that will substantially reduce our debt load and provide us access to a significant amount of financing to ensure business continuity via Chapter 11 proceedings.
This is not a liquidation of our business.
We are resilient, and we will continue to bring you the luxury fashion, service and relationships you cannot find anywhere else.
Our doors will reopen when it's safe to do so. We look forward to being together again soon stronger than ever.
Stay safe. Stay positive.