NEW YORK—Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the CCP virus pandemic forced the debt-laden luxury department store chain to close its stores, people familiar with the matter said on Thursday.
Neiman began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, the sources said. The company has also started similar discussions in recent days with its lenders, one of the sources said.
