Sold! Investors Buy Neiman Marcus For $6 Billion
A big day for Dallas-based Neiman Marcus. The luxury retailer has been sold.
Two large investors - Ares Management LLC and the Canada Pension Plan Investment Board - have reached a deal to purchase Neiman Marcus, Inc., for $6 billion, the companies said Monday. The two buyers will hold equal shares of Neiman, which is based in Dallas, Texas.