Neiman Marcus bankrupt

[tsptalk]

Neiman Marcus to file for bankruptcy as soon as this week: sources

Pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations and furlough many of its roughly 14,000 employees

https://www.foxbusiness.com/markets/neiman-marcus-bankruptcy-coronavirus

 

[Bullitt]

Sounds like this was a zombie company before the forced shutdowns.

$5 Billion in debt with monthly payments in the millions and they're blaming the collapse on coronavirus?

You really see who's swimming naked when the tide goes out.

I can see JC Penney blaming their impending bankruptcy on coronavirus as well.