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Pandemic helped topple two retailers. So did private equity

J Crew and Neiman Marcus shared one common problem for embattled retailers: a huge debt burden from leveraged buyouts led by PE firms.

The filings by Neiman Marcus (above) and J Crew followed a wave of retail bankruptcies in the past few years, and came as numerous chains teetered on the brink because of the pandemic.

New York

J CREW and Neiman Marcus were each facing a host of issues before the coronavirus pandemic forced them to close their stores and eventually file for bankruptcy, including trouble adjusting to the rise of e-commerce and a lack of connection with a new generation of shoppers....

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