The Dallas, Texas-based department store operator announced on Thursday that it has appointed Hannah Kim as chief legal officer, corporate secretary and chief compliance officer, effective July 26, 2021.
The Neiman Marcus Group (NMG) is the latest retailer to announce its commitment to go fur-free by early 2023, with plans to close all its existing fur salons and convert them to spaces for “modern luxury experiences”.
The department store operator announced on Wednesday that it is has created two new roles to support the development of its technology and merchandising operations and invested $85 million in its supply chain.
The Dallas, Texas-based department store retailer announced on Tuesday that it is moving into the next phase of its bankruptcy proceedings, securing approval for a $675 million debtor-in-possession financing package.
Hedge fund Mudrick Capital Management asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival Saks Fifth Avenue, as the firm plans to reorganize under bankruptcy protection.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
The department store operator announced a series of new strategic initiatives on Wednesday, including the fusion of its in-store and online teams, the sale of two distribution centers and the streamlining of Last Call.