• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Components
    • Markets
    • Materials
    • Solutions
    • Top 20 Companies
    • Buyers Guide
    • Events
    • More
  • Magazine
  • News
  • Components
  • Markets
  • Materials
  • Solutions
  • Top 20 Companies
  • Buyers Guide
  • Events
  • Current & Past Issues
    Features
    Editorial
    Departments
    Columns
    Digital Edition
    eNewsletter Archive
    Editorial Guidelines
    Staff
    Subscribe Now
    Advertise Now
    Top Features
    Packaging’s ‘Tall Order’ for Reviving Color Cosmetics

    Creating Packaging To Safeguard a More Hygienic User Experience

    'Dispensing Beauty': Dispensers for Greater Functionality

    Drunk Elephant—Beauty Company of the Year: Excellence in Packaging

    Key Insights on Lip Color & Mascara Packaging
    Breaking News
    Regulatory
    Events
    Association
    Packaging
    Adv/Marketing
    Financial
    Retail & Travel
    People
    Products
    Experts
    Press Releases
    Exclusives
    Live From Shows
    Video Bites
    Packaging Personalities
    Top News
    Donginbi Launches Men’s Skincare Collection

    Kiehl’s Launches Pouch Refillables

    Skin Match Technology Partners with Men-Only Grooming Platforms

    P&G Reports Solid Cash Results in Q3 of Fiscal 2021

    2021 Perfumed Plume Awards Announces Finalists
    3D
    Accessories
    Aerosols
    Airless
    Applicators
    Bags
    Bottles/Jars
    Brushes
    Cans
    Cartons/Boxes
    Closures
    Compacts
    Devices
    Dispensers
    Double Duty
    Droppers
    Environmental
    Labels
    Lipstick packages
    Mascara Containers
    Paper
    Pouches
    Printing
    Pumps
    Rollerballs
    Small Sizes
    Stock Pkg
    Tubes
    Wipes/Sheets

    Kaufman Container

    Epopack Co. Ltd

    McKernan Packaging Clearing House

    Corpack Creates Custom Packaging for Marlies Möller Hair Care Line

    Lageen Tubes Boosts Packaging Recyclability with New Mono-Material PE Tube Solutions
    Bath/Body
    Cosmetics
    Ethnic
    Fragrances
    Hair
    Health and Beauty
    Home Fragrance
    Men
    Nails
    Personal Care
    Sample/Travel Sizes
    Sets/Kits
    Skin

    Donginbi Launches Men’s Skincare Collection

    Kiehl’s Launches Pouch Refillables

    Skin Match Technology Partners with Men-Only Grooming Platforms

    P&G Reports Solid Cash Results in Q3 of Fiscal 2021

    2021 Perfumed Plume Awards Announces Finalists
    Brush Fibers
    Eco-friendly
    Flexibles
    Glass
    Metal
    Paper/Board
    PCR
    PET
    Plastics
    Wood

    Oliver Inc. Acquires Boutwell Packaging

    Oliver Inc. Partners with Emerald Brand

    Videobite: Bring Your Packaging to Life with GTO

    Corpack Creates Custom Packaging for Marlies Möller Hair Care Line

    Lageen Tubes Boosts Packaging Recyclability with New Mono-Material PE Tube Solutions
    Anti-Counterfeit
    Contract Services
    Decorative Effects
    Design Capabilities
    Digital Printing
    Injection Molding
    Machinery
    Made in USA
    Package Development
    Printing/Decorating
    Sustainable Pkg/Practices
    Turnkey

    These Women-Led Beauty Brands Are In Line With Key Trends for 2021

    Packaging’s ‘Tall Order’ for Reviving Color Cosmetics

    Bormioli Luigi Meets Lacquering Challenge

    Blue Heron Botanicals: ‘Blue Beauty’ for Green Beauty Enthusiasts

    'Dispensing Beauty': Dispensers for Greater Functionality
    Top 20 Companies
    LBrands

    Kao

    Revlon

    LVMH

    Chanel
    All Companies
    Categories
    Company Profiles
    Jobs
    Add New Company
    International Buyers Guide Companies
    Yonwoo/PKG

    Paklab

    JP Packaging LLC.

    Color Carton Corp.

    USS LLC
    Industry Events
    Live From Shows
    Exhibitor Showcase
    Webinars

    Edition Spéciale by Luxe Pack is Postponed

    Comoprof CBE Asean Postponed

    Interpack 2023 Opens Exhibitor Registration

    Luxe Pack New York Postponed Again

    Cosmopack and Cosmoprof Asia Announce Hybrid Format for 2021
    • Magazines
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Staff
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • Companies
      • Categories
      • Corporate Capabilities
      • Add Your Company
    • Components
      • 3D
      • Accessories
      • Aerosols
      • Airless
      • Applicatiors
      • Bags
      • Bottles / Jars
      • Brushes
      • Cans
      • Cartoons / Boxes
      • Closures
      • Compacts
      • Devices
      • Dispensers
      • Double Duty
      • Droppers
      • Environmental
      • Labels
      • Lipstick Packages
      • Mascara Containers
      • Paper
      • Pouches
      • Printing
      • Pumps
      • Rollerballs
      • Small Sizes
      • Stock Pkg
      • Tubes
      • Wipes/Sheets
    • Markets
      • Bath/Body
      • Cosmetics
      • Ethnic
      • Fragrances
      • Hair
      • Health And Beauty
      • Home Fragrance
      • Men
      • Nails
      • Personal Care
      • Simple/Travel Sizes
      • Sets/Kits
      • Skin
    • Materials
      • Brush Fibers
      • Eco-friendly
      • Flexibles
      • Glass
      • Metal
      • Paper/Board
      • PCR
      • PET
      • Plastics
      • Wood
    • Solutions
      • Anti-Counterfeit
      • Cotract Services
      • Decorative Effects
      • Design Capabilities
      • Digital Printing
      • Injection Molding
      • Machinery
      • Made In USA
      • Package Development
      • Printing/Decorating
      • Sustainable Pkg/Practices
      • Turnkey
    • Top 20 Companies
    • Online Exclusives
    • Slideshows
    • Expert Opinions
    • Videos
    • Infographics
    • Whitepapers
    • Products Showcase
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Jobs
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms Of Use
    Breaking News

    Neiman Marcus Files for Bankruptcy

    Hopes to come back strong in Fall 2020.

    Neiman Marcus Files for Bankruptcy
    A total of ten stores nationwide are now open for curbside pickup.
    Related CONTENT
    • L'Oréal Announces Minority Investment in Replika Software
    • Health and Beauty in the Coronavirus Era
    • The Coronavirus Era: From Sustainability to Purpose
    • Bluemercury Opens for Curbside Pickup
    • TFWA World Exhibition & Conference Canceled
    Beauty Packaging Staff05.07.20
    Neiman Marcus Group has officially filed for bankruptcy protection during the coronavirus crisis.
     
    The company announced on May 7 that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments. As a part of this restructuring, the company commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.
     
    Also, as part of the process, the company received $675 million in financing from creditors to keep running the business, as well as $750 million it hopes will help it get out of bankruptcy by early fall.
     
    “My team and I appreciate the partnership and the steadfast support of all our stakeholders and Board of Directors through this process. The binding agreement from our creditors gives us additional liquidity to operate the business during the pandemic and the financial flexibility to accelerate our transformation,” stated Geoffroy van Raemdonck, chairman and CEO of Neiman Marcus Group. “We will emerge a far stronger company. In a world that is changing, we are uniquely positioned to give our brand partners access to our loyal luxury customers like no other company. We will deliver that through the strength of our associate relationships and digital solutions.”
     
    Store Closures and Re-Openings
     
    The company also announced that closures of some Neiman Marcus, Bergdorf Goodman and Last Call stores have been extended through May 31 to protect the health and safety of customers and associates.
     
    A total of ten stores nationwide are now open for curbside pickup—all Texas Neiman Marcus stores, as well as Tampa, Las Vegas and Tysons Corner stores. On May 4, the Atlanta and NorthPark Neiman Marcus stores became available to customers by private appointment.
     
    The company says the Chapter 11 process will not impact the timing of store re-openings.
    Related Searches
    • Cosmetics
    • Bath/Body
    • Fragrances
    Suggested For You
    L L'Oréal Announces Minority Investment in Replika Software
    Health and Beauty in the Coronavirus Era Health and Beauty in the Coronavirus Era
    The Coronavirus Era:  From Sustainability to Purpose The Coronavirus Era: From Sustainability to Purpose
    Bluemercury Opens for Curbside Pickup Bluemercury Opens for Curbside Pickup
    TFWA World Exhibition & Conference Canceled TFWA World Exhibition & Conference Canceled
    Beauty Industry Suppliers Provide Updates Regarding COVID-19 Crisis Beauty Industry Suppliers Provide Updates Regarding COVID-19 Crisis
    Beauty Retail Stores Impacted by Coronavirus Beauty Retail Stores Impacted by Coronavirus
    Global Beauty Companies React To COVID-19 Global Beauty Companies React To COVID-19
    Beauty Industry Shows and Events Affected by Coronavirus Beauty Industry Shows and Events Affected by Coronavirus

    Related Breaking News

    • Cosmetics | Skin Care/Sun Care
      P&G Reports Solid Cash Results in Q3 of Fiscal 2021

      P&G Reports Solid Cash Results in Q3 of Fiscal 2021

      Net sales were $18.1 billion, a five percent increase versus the prior year.
      Charles Sternberg, Assistant Editor 04.20.21

    • Fragrances
      2021 Perfumed Plume Awards Announces Finalists

      2021 Perfumed Plume Awards Announces Finalists

      Honors the best perfume-related stories in print, digital and on social.
      Charles Sternberg, Assistant Editor 04.19.21

    • Cosmetics
      Bésame Cosmetics Unveils Marilyn Monroe Collection

      Bésame Cosmetics Unveils Marilyn Monroe Collection

      Features recreations of Marilyn’s own makeup, based on items from her personal effects.
      Charles Sternberg, Assistant Editor 04.19.21


    • Cosmetics
      Procos Opens U.S. Office

      Procos Opens U.S. Office

      The German company's U.S. entity will be led by industry veteran Sébastien Williams.
      Jamie Matusow, Editor-in-Chief 04.19.21

    • Cosmetics
      Weekly Recap: HipDot Reese’s Makeup Collection, Cosmoprof Worldwide Bologna Postponed & More

      Weekly Recap: HipDot Reese’s Makeup Collection, Cosmoprof Worldwide Bologna Postponed & More

      The most viewed news on our site for the week ended April 17, 2021.
      Charles Sternberg, Assistant Editor 04.19.21

    • Cosmetics
      Former L’Oréal Exec Joins Glossier

      Former L’Oréal Exec Joins Glossier

      Kleo Mack has been appointed as VP of Brand.
      Charles Sternberg, Assistant Editor 04.16.21


    • Cosmetics
      Lancôme Reveals New Global Sustainability Program

      Lancôme Reveals New Global Sustainability Program

      Sustainable roses, refillables, rechargeables and more.
      Jamie Matusow, Editor-in-Chief 04.16.21

    • Cosmetics | Skin Care/Sun Care
      L’Oréal Reports Jump in Sales for First Quarter of 2021

      L’Oréal Reports Jump in Sales for First Quarter of 2021

      Skincare and haircare sales rise more than 20%, driven by gains in China and e-commerce.
      Charles Sternberg, Assistant Editor 04.16.21

    • Cosmetics
      Lush Launches Recycling Scheme in UK and Ireland

      Lush Launches Recycling Scheme in UK and Ireland

      Customers can return plastic packaging to stores for credit.
      Charles Sternberg, Assistant Editor 04.15.21


    • Fragrances
      Mario Lopez Announces the Fragrance Foundation Finalists

      Mario Lopez Announces the Fragrance Foundation Finalists

      Highlights from the online event hosted by Mario Lopez, as the industry celebrates this year's Fragrance Foundation Award Finalists
      Marie Redding, Senior Editor 04.15.21

    • Cosmetics
      Carlyle Group Acquires Majority Stake in Beautycounter

      Carlyle Group Acquires Majority Stake in Beautycounter

      Plans to fast-track growth for the clean beauty brand.
      Charles Sternberg, Assistant Editor 04.13.21

    • Cosmetics
      China Builds ‘Beauty and Healthcare Industrial Park’ in Guangzhou

      China Builds ‘Beauty and Healthcare Industrial Park’ in Guangzhou

      Hopes to lure more multinational beauty companies to China.
      Charles Sternberg, Assistant Editor 04.12.21


    • Cosmetics
      Edition Spéciale by Luxe Pack is Postponed

      Edition Spéciale by Luxe Pack is Postponed

      The event has been rescheduled to August 31 and September 1.
      Charles Sternberg, Assistant Editor 04.12.21

    • Cosmetics
      Alexandra Trower Announces Retirement from The Estée Lauder Companies

      Alexandra Trower Announces Retirement from The Estée Lauder Companies

      Trower served the company for 13 years.
      Charles Sternberg, Assistant Editor 04.12.21

    • Cosmetics | Skin Care/Sun Care
      Clarins Group Invests in Pai

      Clarins Group Invests in Pai

      UK-based skincare brand raises $9 million in a successful Series B investment round.
      Charles Sternberg, Assistant Editor 04.12.21

    Trending
    • Ranking The Top 50 Cosmetic Companies
    • Bésame Cosmetics Unveils Marilyn Monroe Collection
    • HipDot Launches A Reese's Makeup Collection
    • Vitamin C: The Hottest Super Ingredient Energizes These 9 Brands
    Breaking News
    • Donginbi Launches Men’s Skincare Collection
    • Kiehl’s Launches Pouch Refillables
    • Skin Match Technology Partners with Men-Only Grooming Platforms
    • P&G Reports Solid Cash Results in Q3 of Fiscal 2021
    • 2021 Perfumed Plume Awards Announces Finalists
    View Breaking News >
    CURRENT ISSUE

    March 2021

    • Packaging’s ‘Tall Order’ for Reviving Color Cosmetics
    • Creating Packaging To Safeguard a More Hygienic User Experience
    • 'Dispensing Beauty': Dispensers for Greater Functionality
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Longvida Curcumin Extract Receives ANVISA Approval in Brazil
    Curcugen Curcumin Formulation Evidenced to Attenuate Post-Exercise Inflammation
    Good Rāz Launches Taste-Free Vitamin D3 Drops
    Coatings World

    Latest Breaking News From Coatings World

    USGBC Releases Results of 2021 Green Building Community Survey
    PPG Publishes Sustainability Report
    Sherwin-Williams Launches Echelon
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA Grants 510(k) Clearance to LivaNova’s B-Capta
    Gynesonics Appoints Susan Stimson to Its Board of Directors
    Piezo Motion Debuts Piezoelectric Micro-Dosing Pump
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Evotec to Build Second Biologics Mfg. Facility in Toulouse
    Adare Pharma Names Ludger Roedder President of Adare Biome
    Johnson & Johnson 1Q Results
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Donginbi Launches Men’s Skincare Collection
    Kiehl’s Launches Pouch Refillables
    Skin Match Technology Partners with Men-Only Grooming Platforms
    Happi

    Latest Breaking News From Happi

    Robertet Appoints Reichert as Perfumer
    Kiehl’s Launches Sustainable Pouch Refillables for Hair Care, Skin Care
    New OTC Natural Hemp Pain Relief Gel Arrives at cbdMD
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    PPG releases 2020 Sustainability Report
    GAA merges with AIMCAL
    Acucote expands Insights educational program
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Glatfelter GlatClean Nominated for World of Wipes Innovation Award
    P&G’s Sales Up 5%
    Ontex Tests Industrial Scale Diaper Composting
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    SeaSpine Begins Limited Rollout of WaveForm TO 3D-Printed Interbodies
    Spinal Elements' Lucent 3D Additive Manufactured Interbodies Earn FDA Nod
    Conformis, Paragon 28 Ink Licensing Deal
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    SEMI Appoints imec, Soitec Executives to Europe Advisory Board
    NREL Takes Novel Approach to 3D-Printed Water Power Prototypes
    Canatu Manufactures World’s Thinnest Free-standing CNB Membrane

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login