NEW YORK, United States — 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. Private equity firms TPG Capital and Warburg Pincus are the selling shareholders. The firms bought Neiman Marcus in 2005 for $5.1 billion. Neiman Marcus won't receive any proceeds from the offering.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
NEW YORK, United States — KKR & Co. is weighing whether to make an investment in Saks Inc. and may push the luxury retailer to pursue a combination with rival Neiman Marcus Group, said people with knowledge of the matter.
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
NEW YORK, United States — TPG Capital and Warburg Pincus LLC are exploring a sale or public offering of Neiman Marcus Group Inc. eight years after acquiring the luxury retailer, according to two people familiar with the matter.
SAN FRANCISCO, United States — Luxury department store operator Neiman Marcus is shutting its eBay Inc store, a setback for the e-commerce company, which has been trying to lure large retailers to its online marketplace.
Barneys New York is updating two of its lower-priced Co-op locations in order to house its designer and contemporary offerings under the same roof.
Making Sense of the YSL Retrobranding (Insight & Analysis) “When Hedi Slimane was appointed creative director of Yves Saint Laurent, last March, YSL’s parent company, PPR, gave the designer ‘total creative responsibility for the brand image and all its collections.’” Colin’s Column | Making the Case for a Modern Couture (Opinion) “Strange people in the fashion world. Take Dior. The couturier who
Target Teams Up With Neiman Marcus to Create a Holiday Sales Smash (Forbes) “You don’t need to be a fashion slave to understand that the newly announced partnership between Neiman Marcus and Target is going to produce a collection that will send holiday shoppers thronging to both stores.” KCD, Spring Form Strategic Partnership (WWD) “KCD, the well-known public relations and events agency, and Spring, the