The Limited Times

Now you can see non-English news...

Bankrupt Neiman Marcus closes New York luxury warehouse

2020-07-25T16:04:30.386Z


The bankruptcy of Neiman Marcus drags the Hudson Yards: the chain of luxury department stores closes the glittering headquarters inaugurated just 16 months ago at the heart of the ambitious real estate project north of the High Line, in New York. (HANDLE)


(ANSA) - NEW YORK, JULY 25 - The bankruptcy of Neiman Marcustrascina the Hudson Yards: the dilusso chain of department stores closes the glittering headquarters inaugurated just 16 months ago at the heart of the ambitious real estate project north of HighLine, in New York. The decision was taken within the framework of the restructuring envisaged by Chapter 11.
    Sign of the times: in addition to the mega-sales point of NewYork (16 thousand square meters of designer clothes and shoes, high-end cosmetic jewels), the stores of PalmBeach and Fort Lauderdale, Florida, and Bellevue, in the state of Washington.
    Crushed by debt, the Texan chain had declared bankruptcy in May and the pandemic from Covid-19 is the last straw that broke the camel's back. "A store in Hudson Yards is no longer ideal for us, given the preponderance of restaurants and future office space in that mall," said a spokesperson.
    A "Las Vegas on the Hudson" built by two of the largest real estate groups in the world - Related Cos. and Oxford PropertiesGroup - Hudson Yards closed its doors in March due to the Coronavirus: a lethal blow, considering how little it had opened its doors. The three floors occupied so far by Neiman Marcuss are now back on the market as "an innovation campus at the heart of New York's most exciting new neighborhood". (HANDLE).

Source: ansa

All life articles on 2020-07-25

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.