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Private Equity

Neiman Marcus Says It Is Exploring Options, Including A Sale

by posted 1year ago 322 views
<p>Luxury fashion retailer&nbsp;Neiman Marcus Group Ltd LLC&nbsp;said on Tuesday that it was exploring strategic alternatives, including changes to its capital structure or a sale of the company, as it seeks relief from its swelling debt pile.</p> <p>The announcement follows a&nbsp;Reuters&nbsp;report earlier this month that the company had&nbsp;turned to&nbsp;investment bank&nbsp;Lazard Ltd&nbsp;to explore ways to bolster its balance sheet. Neiman Marcus has total liabilities of US$6.4 billion, including US$1.2 billion of deferred income taxes.</p>

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