CPPIB and Ares-Owned Neiman Marcus Faces Lawsuit from Marble Ridge Capital
Posted on 12/10/2018
The storied Neiman Marcus Group is a highly-leveraged luxury retailer as the result of two leveraged buyouts (LBO). After its second LBO, Neiman Marcus was stuck with US$ 4.91 billion in funded debt. Neiman Marcus’ profits are in sharp decline starting from 2015. Neiman Marcus is facing short term debt maturities. Hedge fund Marble Ridge […]
