After four months of court proceedings, Neiman Marcus is officially out of bankruptcy. The Dallas-based luxury department store has shed a $5 billion debt load and gained new owners, including Davidson Kempner Capital Management, Sixth Street Partners, and Pacific Investment Management. Investors traded debt for equity, erasing much of the debt the store accumulated through two separate leveraged buyouts, in 2005 and 2013.
October 5, 2020
Bergdorf Goodman: Diving Into 75% Off Deals
As part of the bankruptcy, Neiman Marcus closed it’s first New York City store, at Hudson Yards after only just opening in 2019.
At least we will always have Bergdorf Goodman— or so we hope! After a too-long hiatus, it’s time for us to dive back in and grab some lavender shopping bags.
The sale section is stocked with lots of great designer items that are reduced up to 75% off. Here is a striking Alexander McQueen bag that’s reduced to $1200 from nearly $3000, this little Ascot bag from The Row is $500 from $990, and this Tom Ford box bag is $1375 from $2550. There are lots of more sale bags here. Don’t miss the Hayward selection, the discounts are amazing and the quality is fantastic.
Jumping over to shoes, the Manolo Blahnik options are amazing. Here are denim pumps for $266 from $664, metallic leather slingbacks are $318 from $800, and snakeskin slides are $332 from $825. (I have them in black and love them because they are perfect packing.) There are also these Gianvitto teal loafers that are $472 from $990 and patent leather Saint Laurent booties for $400 from $1000. Sizes are limited, so It’s best to sort by size before facing disappointment.
The clothing options are plentiful. If you need a Moncler jacket don’t hesitate. There are lots of options reduced 50% off and more. This houndstooth puffer is $1400 from $2800 and this pink plaid style is $1000 from $2000. Here is a Dolce & Gabbana skirt for $352 from $975, a Balenciaga blazer for $622 from $2500, and a Balmain dress for $661 from $1350.