Ares Management and a Canadian Pension said that they are buying the luxury chain Neiman Marcus for $6 billion. The deal is expected to be finalized in the fourth quarter.
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.
Luxury retailer Neiman Marcus plans to raise up to $100 million from an initial public offering of its common stock. That amount is likely to change, though, as bankers gauge investor interest.
Twenty-six-year old Vadym Kholodenko won the gold medal in the Fourteenth Van Cliburn International Piano Competition on Sunday night.
Fiscal third-quarter net income increased 13 percent at Neiman Marcus on stronger sales. The Dallas company reported that it earned $70.8 million for the period.
The private equity firms that purchased Dallas-based Neiman Marcus in 2005 are considering putting it up for sale, or taking the company public.
Target and Neiman Marcus are joining forces this holiday season to offer shoppers an unprecedented collection featuring 24 of America’s hottest designers.
Taking a page from Neiman Marcus’ lavish holiday wish book–Fort Worth’s Cook Children’s Medical Center is being included in a national children’s hospital ‘wish list’ organized by the Children’s Miracle Network.
Dallas luxury retailer Neiman Marcus is offering up more wild gift ideas in its annual Christmas Book. This year’s book features $1 million timepieces and a special edition McLaren 12C Spider.
They may make an odd couple, but discounter Target and luxury merchant Neiman Marcus are jointly offering a collection ranging from fashion to sporting goods for the winter.
A Dallas woman who has found Neiman Marcus’ generous return policy lacking has filed a suit claiming fraud against the luxury retailer.
Upscale retailer Neiman Marcus said Tuesday that its fiscal third-quarter profit grew 35 percent, as stronger consumer demand allowed it to cut back on discounts.