Neiman Marcus skips debt payment as potential bankruptcy looms
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NEW YORK (Reuters) - Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the brink of a possible bankruptcy after it temporarily closed stores amid the coronavirus pandemic.The Dallas-based company's decision to skip the payment has put it in default on that obligation, according to a letter sent to the retailer from a bondholder owed the money, hedge fund Marble Ridge Capital LP.The retailer has made..