United States
Hide

Lenders want Neiman Marcus CEO canned after bankruptcy plan

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 navigate Dallas-based retailer through its coronavirus woes, according to a source with knowledge of the discussions. The push, which comes one day after hedge fund Mudrick Capital Management called on Neiman to join forces with Saks Fifth Avenue, has even resulted in a list of replacement candidates, including Raemdonck’s predecessor and longtime Neiman CEO Karen Katz, the source said. Other contenders on the interim-C ...
Top
Bottom