On May 7, 2020, Neiman Marcus Group announced that it entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond. To implement the RSA, the Company has commenced voluntary Chapter 11 proceedings. For more information, please visit: https://cases.stretto.com/NMG.
Four luxury retailers — Neiman Marcus, Bergdorf Goodman, Last Call and Horchow — make up the Neiman Marcus Group. For over a century, we have continually transformed and elevated the luxury shopping experience, offering the finest in fashion, shoes, handbags, jewelry, beauty and decorative items for the home. In addition to our websites and catalogs, we have 43 Neiman Marcus stores across the United States, two Bergdorf Goodman stores in Manhattan and 22 Last Call locations.
The Neiman Marcus experience at our stores is closely integrated with a premier online platform that accounts for over a third of our sales today. Our digital capabilities combined with a robust international business create an international footprint that positions us for growth.
We continue to stay true to the principles of our founders while reinventing the shopping journey for the luxury customer of today and tomorrow.