Neiman Marcus

Two large investors — Ares Management LLC and the Canada Pension Plan Investment Board — have reached a deal to purchase Neiman Marcus for $6 billion, the companies said Monday. The two buyers will hold equal shares of Neiman, which is based in Dallas. "This investment fits with our longstanding approach of accelerating growth in companies in the consumer and retail sectors," said David Kaplan, co-head of the Private Equity Group of Ares, in a news release announcing the deal. The two large...