The Traderszone Network

Published in TZ Latest News 4 August, 2015 by The TZ Newswire Staff

U.S. luxury fashion retailer Neiman Marcus files for IPO

The 100-year-old retailer – backed by Canadian Pension Plan Investment Board (CPPIB) and Ares Management LP (ARES.N) – sells apparel, handbags, shoes, cosmetics and designer jewelry. Dallas-based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan’s Fifth Avenue and the Last Call off-price chain. Neiman Marcus’s previous owners, TPG Capital and Warburg Pincus first planned to take the company public in July 2013, but decided instead to sell the company to CPPIB and Ares Management for $6 billion.