J. Crew Said to Be Talking With Banks About IPO Later This Year

J. Crew A/W 2014 presentation | Source: Nowfashion.com

NEW YORK, United States — J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is interviewing banks as it weighs an initial public offering in the U.S. later this year, people familiar with the matter said.

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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 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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TPG Capital, Warburg Pincus Said to Explore Neiman Marcus Exit

Neiman Marcus in Natick, Massachusetts | Source: Neiman Marcus

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.

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J.Crew’s $3b buyout, Haves and have-nots, Lagerfeld for Macy’s, Guess beats expectations, Miyake’s magic

J.Crew agrees to $3bn takeover (FT) “J.Crew, the US retailer with a preppy style, has agreed to be acquired by TPG Capital and Leonard Green & Partners in a $3bn deal… The two funds have agreed to pay $43.50 per share in cash for J Crew.” Divergent paths for US consumers as holidays near (AFP) “Americans appear to be shaking off the gloom heading into the holiday season with recession no longer hanging

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