Neiman Marcus Talks With Debt Holders End in Stalemate
- Retailer plans to file details of proposals as soon as Friday
- Negotiations with holders hinged on ownership of MyTheresa
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Initial talks between Neiman Marcus Group Inc. and its debt holders are at a standstill over the fate of one of its most promising assets, MyTheresa, according to people familiar with the matter.
The retailer and some of its creditors failed to agree on the early reworking of Neiman’s $4.7 billion debt load, the people said, asking not to be identified discussing a private matter. The company plans to release details of the competing proposals in a filing as soon as Friday, according to the people.