A contractor enters a Neiman Marcus Group Ltd. store at the Hudson Yards development in New York, U.S., on Tuesday, March 5, 2019.
Demetrius Freeman | Bloomberg | Getty Images
Neiman Marcus is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday.
Neiman began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, the sources said. The company has also started similar discussions in recent days