Reuters: Investors to challenge Neiman Marcus bankruptcy loan, push for sale

An investor group plans to challenge a financing package that luxury retailer Neiman Marcus has lined up for its looming bankruptcy and will push the Dallas-based company to sell itself, Reuters reported April 26.

The report said that Neiman is preparing to seek bankruptcy in a Dallas federal court as soon as April 27. The debt-laden company’s sales have cratered after the Covid-19 outbreak forced it to temporarily shut all of its stores. The location and timing of the bankruptcy filing had not…