Neiman Marcus Group is said to be preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak.
Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, sources said on Thursday.
The luxury retailer has partnered with various men’s brands to celebrate the launch of menswear on 27 January. Key brands include Prada, Gucci, Loewe, Bottega Veneta, Valentino, Saint Laurent and Balenciaga.
Georgia is fuelling and nurturing a new generation of designers who are helping put this small slice of the globe on the map. FashionNetwork.com explores how local designers are luring luxury giants at MBFW Tbilisi.