Neiman Marcus posted a net loss of $117.1 million in the second quarter and a loss of $140.6 million for first half of its fiscal year. The retailer is reportedly exploring a sale or debt restructuring.
Luxury fashion retailer Neiman Marcus Group Ltd LLC said on Tuesday it was exploring strategic alternatives, including a sale of the company, just two months after pulling a planned IPO. And Hudson's Bay wants to buy it.
The Parsons School of Design graduate unveiled his new menswear label, XB OFCL, in Paris during men's fashion week in January. The new line is an extension of Sun's luxury fur and women's ready-to-wear label.
E-commerce website Lyst reported that the Ivanka Trump clothing line jumped 346% in sales at the start of 2017. In addition, the brand's fragrances in February held the number one and number two spots on Amazon Beauty.
U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from a $4.9 billion debt pile, sources said on Friday.
Counselor to U.S. President Donald Trump Kellyanne Conway on Thursday promoted Ivanka Trump's clothing and jewellery line, further fuelling the debate of the President's potential conflict of interests.