CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Neiman Marcus In Talks For $6 Billion Sale

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

kluvs super 70s weekend voting 1979 dl Neiman Marcus In Talks For $6 Billion SalePick The Best Song From 1979

115245513 8 Neiman Marcus In Talks For $6 Billion SaleCrush Of The Day: Mila Kunis

80219448 Neiman Marcus In Talks For $6 Billion SaleViral Video: Hilarious Southwest Safety Announcement

155742164 Neiman Marcus In Talks For $6 Billion SalePick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

DALLAS (CBSDFW.COM/AP) - Luxury retailer Neiman Marcus Inc. is reportedly in talks to be bought by Los Angeles-based asset manager Ares Management LLP and the Canada Pension Plan Investment Board for more than $6 billion.

That’s according to unidentified people familiar with the matter cited Sunday by The Wall Street Journal.

The newspaper said the parties were attempting to finalize a deal, although talks could still fall apart.

Representatives for Ares, Canada Pension Plan and Neiman Marcus did not return messages seeking comment.

Private equity firms TPG Capital and Warburg Pincus bought Neiman Marcus for $5.1 billion in 2005. The Dallas company filed for an initial public offering of stock in late June. Founded in 1907, it operates 41 Neiman Marcus stores and other shops including 35 stores under the Last Call brand.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: