In the first of many planned future digital investments and developments of technological functionalities, Neiman Marcus Group (NMG) plans to purchase Stylyze, according to an announcement. “By acquiring Stylyze, we will be able to advance our strategy of integrated luxury, building long-term relationships with our...
Neiman Marcus Group has obtained U.S. court approval to get debtor-in-possession financing. The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. 4, according to a statement. The purpose of this court action is to...
Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In fact, it’s the bankrupt retailers that may pocket the millions of dollars in unused prepaid gift cards. “The time to...
August 21, 2024
The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with the transaction has expired, the luxury retail companies said in a Wednesday (Aug. 21) press release. “The expiration of the […]
June 16, 2021
In the first of many planned future digital investments and developments of technological functionalities, Neiman Marcus Group (NMG) plans to purchase Stylyze, according to an announcement. “By acquiring Stylyze, we...
June 17, 2020
Neiman Marcus Group has obtained U.S. court approval to get debtor-in-possession financing. The retailer said $250 million is available now and a further $150 million will be available as needed...
June 09, 2020
Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In fact, it’s the bankrupt retailers...
