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The founder of a New York hedge fund was criminally charged Thursday over an alleged scheme to pressure a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the US Department of Justice said. Daniel Kamensky, principal of Marble Ridge Capital, which has more …
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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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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 federal government is cracking down on fat bonuses for top executives of Neiman Marcus after The Post reported on the bankrupt chain’s controversial efforts to enrich its CEO. Henry Hobbs, the acting US Trustee overseeing Neiman’s Dallas, Tex., bankruptcy, blasted $10 million in bonuses Neiman has set aside for its senior staff, including CEO Geoffroy …
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The boss of Neiman Marcus has been getting paid lavishly to lead the swanky chain out of bankruptcy — and that’s ruffling feathers in the rank-and-file. On March 30, Geoffroy van Raemdonck — a Belgian-born luxury merchant who was named chief executive two years ago — declared he was waiving “100 percent” of his salary …
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Luxury department store Neiman Marcus opened its first Big Apple location last year — and it’s already up for grabs thanks to the coronavirus. Developer Related Companies is in talks with social media giant Facebook to take over the three floors Neiman Marcus now occupies at Hudson Yards, according to a WWD report. “Neiman wants …
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The Neiman Marcus store at Hudson Yards is being eyed for office space. Opened barely a year ago at the swanky mega mall it anchored on Manhattan’s West Side, the bankrupt luxury retailer is considering closing the store for good while its landlord shops the three-story, 188,000-square-foot space to office tenants, according to reports. Related …
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Neiman Marcus Chief Executive Geoffroy van Raemdonck is facing a mutiny by a group of lenders unhappy about his plans to revive the company through bankruptcy, The Post has learned. The lenders — who are looking to replace Raemdonck one week after he filed for Chapter 11 bankruptcy — claim he lacks the skills to …
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Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of …
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Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major US department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said. The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily …
The founder of a New York hedge fund was criminally charged Thursday over an alleged scheme to pressure a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the US Department of Justice said. Daniel Kamensky, principal of Marble Ridge Capital, which has more …
