NM GROUP REPORTEDLY SEEKS BARNEYS DOCUMENTS
NEW YORK — The Neiman Marcus Group is hot to keep up with the Barneys New York Chapter 11 case.
Officially, NMG has downplayed its interest as a potential investor in Barneys New York and has said that it won’t get into a bidding war to take control of the chain. However, the company reportedly filed a motion in bankruptcy court here last week to receive copies of all legal documents in the Barneys Chapter 11 case, reflecting a continuing interest.
“They filed an ‘interested party notice,”‘ said a source Tuesday. NMG officials could not be reached for comment Tuesday.
As reported, Dickson Concepts Ltd. is expected to come up with a plan to invest in Barneys by the middle of March. It had been expected this month, but there have been some delays in completing the due diligence process.
Saks Fifth Avenue is another potential investor. Officially, Saks is still interested.
Barneys has the exclusive right to file a plan of reorganization by May 5 and is seeking an investor to fund the plan.