Neiman Seeking $3.75 Billion of Loans; Hudson’s Bay Boosts Debt

Neiman Marcus Headquarters Dallas | Source: Neiman Marcus

NEW YORK, United States — Neiman Marcus Group Inc. is seeking $3.75 billion in loans to back its buyout by Ares Management LLC and the Canada Pension Plan Investment Board, while Hudson’s Bay Co. increased the size of the bank debt it’s seeking to purchase Saks Inc.

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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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Neiman Marcus Said to Be Near $6 Billion Sale to Ares Management

Neiman Marcus Headquarters Dallas | Source: Neiman Marcus

DALLAS, United States — Neiman Marcus Inc., the luxury retailer that filed for an initial public offering in June, is close to an agreement to sell itself to Ares Management LLC and the Canada Pension Plan Investment Board for $6 billion, two people with knowledge of the matter said.

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Neiman Said to Draw Interest From CVC, KKR as It Weighs IPO

Neiman Marcus in Natick, Massachusetts | Source: Neiman Marcus

DALLAS, United States — CVC Capital Partners Ltd. and KKR & Co. have expressed interest in buying Neiman Marcus Inc., the luxury retailer that filed for an initial public offering in June, people familiar with the matter said.

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IPO Likely Neiman Marcus Option as Underwriters Chosen

Source: Reuters

DALLAS, United States — Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter said on Monday, in the latest sign that the high-end department store is leaning towards a listing over pursuing an outright sale.

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