Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
BoF compiles the most important professional moves of the week.
Technology will replace products, brands and financial strategies as the key source of value creation for fashion companies, argues Enrico Beltramini.
Sneakers and other menswear-inspired footwear are having a major moment. Does this mean women are hanging up their heels?
After four years of steady but slow growth, the sisters-in-law behind New York label Veronica Beard swallowed their pride — and lowered their price points — to reach the customers they were after.
NEW YORK, United States — Ares Management and Canadian Pension Plan Investment Board have completed their $6 billion purchase of luxury retailer Neiman Marcus.
In the long-neglected area near the Neiman Marcus flagship in downtown Dallas, a newly fashionable retail neighbourhood is rising.
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.
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.
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.
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.
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.