Neiman Marcus

Business
1:11 pm
Mon September 9, 2013

Luxury Retailer Neiman Marcus Sells For $6 Billion

The Chicago skyline is reflected in the exterior of Neiman Marcus on Michigan Avenue in Chicago in a file photo from 2009. The luxury retailer sold for six billion dollars on Monday.
M. Spencer Green AP

Originally published on Mon September 9, 2013 2:32 pm

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.

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