Neiman Marcus Emerges From Bankruptcy

The signage outside the Neiman Marcus store are seen in New York City, on April 19, 2020. Jeenah Moon/Reuters

Neiman Marcus Holding Co said on Friday it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses during the COVID-19 pandemic.

Its restructuring plan eliminated more than $4 billion of debt and $200 million of annual interest expense.