, both times in burdensome leveraged buyouts. Can it do that again? Debt from its last two leveraged buyouts put it into bankruptcy along with the uncertainty of the pandemic.
Luxury is a small but influential slice of retailing. Does it make sense to consolidate and get rid of one or two of the three largest luxury department stores?Neiman Marcus also owns Bergdorf Goodman, which is a quick few blocks north of the Saks flagship in Manhattan. Neiman Marcus has been owned since late 2020 by some of the largest asset management companies, hedge funds and private equity firms. Not entities that are hard up for cash, but this is what they do: buy and sell.PIMCO is one of the largest asset management firms in the world. It manages $1.79 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors.
Neiman Marcus issued $1 billion in senior secured notes in March 2021 due in 2026 to refinance its bankruptcy exit debt. That debt allowed the company to have the capacity for an additional $1.23 billion in secured debt, according to