Neiman Marcus Said to Prepare Bankruptcy Filing - Which Retailers Are in Jeopardy? [TheStreet.com]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: TheStreet.com
Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, news reports said Monday.The Dallas luxury chain would be the first major U.S. department store operator to fall victim to the economic shutdown caused by the coronavirus pandemic. And other retailers may soon follow the same path.Neiman Marcus had been forced to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York as health officials sought to contain the deadly virus.Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of millions of dollars, sources told Reuters. The funds would sustain some of its operations during bankruptcy proceedings.The company has also furloughed many of its roughly 14,000 employees. Neiman Marcus declined to comment.Neiman Marcus’s borrowings total about $4.8 billion, according to credit-rating provider Standard & Poor’s. Some of this debt is the
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ARES
News
- Ares Management Co. (NYSE: ARES) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $202.00 price target on the stock, up previously from $166.00.MarketBeat
- Ares Management Co. (NYSE: ARES) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Boyd Watterson Names Don Haisch as Global Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
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ARES
Earnings
- 11/1/24 - Miss
ARES
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/10/24 - Form 4
- ARES's page on the SEC website