Neiman Marcus will close its store in Boston’s Copley Place after 42 years in business. The shutdown will result in the layoff of 73 employees. The space will be redeveloped to include new luxury retail stores, an Italian food market, and a Greek restaurant.
Neiman Marcus Layoffs Set for April Following Copley Place Closure
Under the Worker Adjustment and Retraining Notification Act (WARN), Neiman Marcus employees are scheduled to be laid off between April 11 and April 30, according to a report by MassLive, . The WARN Act, filed on February 10, requires employers with 50 or more employees to provide 60 days’ written notice before a plant closing or mass layoff.
Neiman Marcus has been in Copley Place since 1984. A Greek seafood restaurant, Estiatorio Milos, and a Miami-based marketplace and dining hall, Casa Tua Cucina, will replace the retail luxury brand at Copley Place.
The redevelopment will also expand luxury brands like Fendi, Loewe, and Tourneau, the news outlet noted. The announcement of Neiman Marcus’s closure came when the brand’s parent company, Saks Global, filed for bankruptcy protection in January…