U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd
to explore ways to bolster its balance sheet as it seeks relief from
$4.9 billion in debt, people familiar with the matter said on Friday.
Marcus Group LLC is in no immediate risk of bankruptcy, the
sources said. However, the move makes it the highest-profile U.S.
retailer to turn to a debt restructuring adviser so far this year, as
consumers increasingly embrace the internet for shopping.. . . more