Sold! Investors Buy Neiman Marcus For $6 Billion | KERA News

Sold! Investors Buy Neiman Marcus For $6 Billion

Sep 9, 2013
Lead in text: 

A big day for Dallas-based Neiman Marcus. The luxury retailer has been sold.

Source: Npr

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.

Read more at: Npr