Neiman Marcus’s New Buyers Face Tough Luxury Retail Environment

Neiman Marcus Store Walnut Creek | Source: Flickr

NEW YORK, United States — Neiman Marcus Inc.’s new private-equity owners are buying a luxury chain that’s in danger of running out of room to expand in the U.S. as even well-heeled shoppers pull back. Ares Management LLC and the Canada Pension Plan Investment Board agreed today to buy the U.S. department store company from TPG Capital and Warburg Pincus LLC for $6 billion.

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Chinese Shoppers Set to Become World Leaders Online

Source: Reuters

SHANGHAI, China — China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says, and could account for half of all Chinese retail spending within a decade.

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Luxury growth slows, Artful fashion, Burberry fragrance in-house, DIY platform, Oliver Peoples

Louis Vuitton Shenzhen, China | Source: Richards Basmajian

Luxury goods to slow as Chinese spend less (FT) “Growth in the luxury goods market will slow this year as Chinese consumers spend less at home and give fewer gifts as they await the imminent change in Beijing’s government, according to the consultancy Bain & Co.” Artful Fashion Meets Fashionable Art at Fairs (IHT) “As art fairs and festivals bring a cosmopolitan crowd to London and Paris, a different question

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