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Hundreds of Neiman Marcus executives just learned they could lose a chunk of their retirement savings in the swanky retailer’s bankruptcy — and some are pointing a finger at their well-compensated boss. As part of an agreement with creditors, the Dallas-based luxury chain last week quietly proposed wiping out $120.3 million owed to 430 current …
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J.Crew Group said Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan. The plan, approved by a Virginia federal court, will equitize over $1.6 billion of secured debt, and provide for $400 million in asset-based loans as well as $400 million of fresh financial aid. …
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SummerSlam delivered a rare genuine surprise, and possibly the Roman Reigns we’ve been waiting for. WWE made good on the pay-per-view’s tagline of “you’ll never see it coming” on Sunday as Reigns returned for the first time in months. He attacked “The Fiend” Bray Wyatt and Braun Strowman to close the show. Reigns stepped away …
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DOVER, Del. (AP) — Disgraced Hollywood film mogul and convicted rapist Harvey Weinstein is asking a bankruptcy judge in Delaware to allow him to pursue arbitration in New York over what he claims is his wrongful termination from the company he co-founded. An attorney for Weinstein submitted a court filing this week asking the judge …
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Distressed investment firm Marble Ridge Capital plans to wind down its funds after a government report called into question the actions of its managing partner, Dan Kamensky, during the Neiman Marcus Group bankruptcy, the firm said. “After much consideration, and in light of the operating environment, we have made the difficult decision to commence an …
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The United States Postal Service wants to get back into the banking business — and Jamie Dimon appears eager to help. USPS officials are considering a pilot program that would allow Dimon’s JPMorgan Chase to lease space at post offices for ATMs and provide other financial services at locations across the country, according to a …
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The stars of “Pitch Perfect” reunited Monday to raise funds for relief efforts around the globe. Anna Kendrick, 35, the newly svelte Rebel Wilson, 40, and Hailee Steinfeld, 23 — who last performed as a musical group in 2017’s “Pitch Perfect 3” — reunited as the Barden Bellas, belting out a new cover of Beyoncé’s …
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Warren Buffett has given up his long-held conviction against buying gold — and he’s meanwhile getting out of Goldman Sachs. The totemic tycoon revealed in filings late last week that he has scooped up more than 20 million shares of mining giant Barrick Gold Corp. even as he unloaded nearly all of his nearly 2 …
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Insiders say the storyline of former “America’s Next Top Model” creative director Jay Manuel’s novel, “The Wig, the Bitch & the Meltdown,” may have hit too close to home for his boss Tyra Banks. A source tells Page Six that when Banks caught wind of the satirical book, which came out last week, she allegedly …
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Tyra Banks sparked engagement rumors after the model was spotted sporting what appears to be a massive diamond ring on her left ring finger. Banks, 46, was spotted wearing the new sparkler as she exited her theme park, ModelLand, with boyfriend Louis Bélanger-Martin in Santa Monica over the weekend. Banks and Bélanger-Martin coordinated their incognito …
Hundreds of Neiman Marcus executives just learned they could lose a chunk of their retirement savings in the swanky retailer’s bankruptcy — and some are pointing a finger at their well-compensated boss. As part of an agreement with creditors, the Dallas-based luxury chain last week quietly proposed wiping out $120.3 million owed to 430 current …
