Neiman Marcus has no plans to sell Bergdorf Goodman

US retailer Neiman Marcus has denied all reports that have claimed that it is in talks to sell Bergdorf Goodman.

There were some reports last week wherein it was stated that the retailer was in conversation with banks, and was even considering sale of Bergdorf Goodman.

Some reports also claimed that former Barneys New York landlord Ashkenazy Acquisition Corp. was keen to buy Bergdorf Goodman.

Refuting the reports, a spokesperson of Neiman Marcus said in an e-mail that the retailer had no plans to sell Bergdorf Goodman at this time. The spokesperson also said that Neiman Marcus is strategically investing in its business and brands with the intent to grow and strengthen the company.

If at all Neiman Marcus someday lets go Bergdorf Goodman, it would also mean the retailer’s exit from the New York City.

The retailer had shut down its namesake store at Hudson Yards just after a year. The financial difficulties haven’t helped the retailer either to plan anything in New York. Following its recent emergence from Chapter 11, it had refinanced another billion dollars this March.

Headquartered in Dallas, Texas, Neiman Marcus had filed for bankruptcy on 7 May 2020 due to high debts.

Stay tuned for more developments!