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.
Sales of luxury goods are slowing and, given the uncertain outlook, investors are taking profits, reports Pierre Mallevays, founder and managing partner of Savigny Partners.
NEW YORK, United States — Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
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.
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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.
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