What have you always wondered about the economy? Tell Us

A luxury department store with issues

Marielle Segarra Mar 14, 2017
HTML EMBED:
COPY

A luxury department store with issues

Marielle Segarra Mar 14, 2017
HTML EMBED:
COPY

The private-equity outfit that owns 100-year old luxury retailer Neiman Marcus has hired advisers to shop the company for a sale. Neiman might come with a lot of baggage, including almost $5 billion in debt rated at junk status. In the age of internet retail, is there any appeal in owning a high-end department store like Neiman Marcus? Yes, there might be.

Click the audio player above to hear the full story.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.