U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd. to explore ways to bolster its balance sheet as it seeks relief from a $4.9 billion debt pile, people familiar with the matter said on Friday.
Neiman Marcus is in no immediate risk of bankruptcy, the sources said. However, the move makes it the highest-profile U.S. retailer to turn to a debt restructuring adviser so far this year, as consumers increasingly embrace the internet for shopping.
The sources asked not to be identified because the matter is confidential. Neiman Marcus did not immed…
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