Dallas-based Neiman Marcus, that swanky store with all of the nice handbags and shoes and the over-the-top Christmas catalog, has been all over the news today after it was sold for $6 billion.
Ares Management LLC and the Canada Pension Plan Investment Board are the buyers. Revenue at Neiman hasn’t returned to levels seen before the 2008 financial crisis, Bloomberg reports. Shoppers have been slow to return to the luxury retailer.
While we wait to hear more about what the sale means for Neiman customers, let’s take a look back at some of the store’s rich history – just wait until you find out when Neiman first published its splashy Christmas catalog. Oh, and if you read until the end, there’s a special recipe waiting for you.