Neiman Marcus History & Historical Profile

Historical Record

February 2019 Summary: Neiman Marcus Group LTD LLC is a luxury, multi-branded, omni-channel fashion retailer conducting integrated store and online operations under the Neiman Marcus, Bergdorf Goodman, Last Call, Horchow, CUSP, and mytheresa brand names. For more information, visit www.neimanmarcusgroup.com.

August 2015 Summary: Tuesday August 4, 2015 the company announced, “Neiman Marcus Group, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.” This is the second time in a few years that Neiman Marcus announced an IPO .

October 2013 Summary: Neiman Marcus department stores offer high-fashion, high-quality women's and men's apparel (from such labels as Chanel and Prada), shoes and accessories, fine jewelry, china, crystal, and silver. The company operates 40-plus Neiman Marcus stores in some 20 states and Washington, DC, as well as two Bergdorf Goodman stores in New York City and more than 35 Last Call clearance center outlets that sell marked down goods. Its mail-order and online business, Neiman Marcus Direct, distributes catalogs (which offer apparel, home furnishings, and gourmet foods) under the Neiman Marcus By Mail and Horchow names. Neiman Marcus withdrew its 2013 IPO after agreeing to be bought by an investment group. September 2013 News : Neiman Marcus is being sold for $6 billion by major shareholders Warburg Pincus and TPG, which concentrate 98.07% of the equity, to Ares Management and the Canada Pension Plan Investment Board (CPPIB) seven years after the retailer was taken private for $5.1 billion. Warburg and TPG sunk in $1.2 billion to fund the leveraged buyout.