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Neiman Marcus is reportedly on the brink of bankruptcy

Luxury department store Neiman Marcus reportedly on the brink of bankruptcy. According to the report they are in talks with lenders about filing for bankruptcy, Bloomberg reveals. They are looking for ways to chip away at its $4.3 billion debt load. The coronavirus outbreak affect them as well. Stores are closed and shoppers self-isolate. They are taking shift to Online business, but still difficult time for them.