CNBC: Neiman Marcus very close to filing bankruptcy

Neiman Marcus Group is reportedly on the brink of filing for Chapter 11 bankruptcy protection.

The luxury retailer is in talks with its current lenders to raising approximately $600 million in emergency financing to fund its operations through the restructuring, reported CNBC, with a filing likely as soon as Sunday, April 26. Neiman's is not planning to close any of its 43 Neiman Marcus stores as part of the filing, the report said.

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