Bergdorf Goodman Head Josh Schulman Steps Down

The head of Bergdorf Goodman, Josh Schulman, is stepping down from his position as its parent company, Neiman Marcus, considers a buyout. Bloomberg reported that Schulman will be stepping down on May 10.

In March, there were talks that Canadian-based retail giant Hudson’s Bay Company, who also owns Lord & Taylor and Saks Fifth Avenue,  would be acquiring Neiman Marcus.

As part of a recent financial disclosure, Neiman Marcus said that it is evaluating its strategic options. The company is burdened by $5 billion in debt and declining sales. Finding a buyer is among several options it is exploring.

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