Neiman Marcus to skip cash interest payments
Neiman Marcus to skip cash interest payments
They're allowed to pay in-kind, but I'm sure it isn't a good sign. Apparently their debt is trading at bankruptcy levels.
If you're wondering what this has to do with Seattle real estate, The Bravern condominium project's big headline retail store is a Neiman Marcus, touted as the first Neiman Marcus in the Pacific Northwest.
They're allowed to pay in-kind, but I'm sure it isn't a good sign. Apparently their debt is trading at bankruptcy levels.
If you're wondering what this has to do with Seattle real estate, The Bravern condominium project's big headline retail store is a Neiman Marcus, touted as the first Neiman Marcus in the Pacific Northwest.