You are here

THE BROAD VIEW

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.

BT_20200516_NEIMAN_4118612.jpg
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....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes