Neiman Marcus' CEO has been dubbed 'snobbish' by his employees after saying the luxury chain will focus on the company's wealthiest clients because they bring in a majority of sales.
Geoffroy van Raemdonck sat down with magazine last week for a controversial interview and announced the change in priority towards the wealthy two percent of customers who account for 40 percent of sales.
The shift comes after the company closed down more than 20 discount stores in 2020 that carried leftover grabs from the luxury chain.
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