They need a month after the Holidays, my guess is end of January, beginning of February to file bankruptcy. Get ready your resume. Don’t assume much severance. Poor associates were buying from each other during Christmas 30/30 to earn commissions. Store was like a ghost town during the Holidays. The only day I saw people shopping was 23rd,24th.
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Just saw on Facebook on Neiman Marcus su-ks page that we sold the Beverly Hills real estate to avert bankruptcy at present... The news cycle will catch up... Then obviously we will pay rent instead so that probably brought in at least 60 million or more as it's status property and we only needed 110 million or so for the bond payment.
@fq let’s see how Richard Baker walks away from bankruptcy.
My guess is Dec 26th or the 29th
It will break then we will get a email about it. The email will be about how we are restructuring and how having the largest luxury retail company is never easy and how everything is fine and then the deactivation of slack accounts will come.