If Neiman Marcus actually goes public this time, will you be
a buyer of the stock?
Luxury department store Neiman Marcus on Tuesday August 4,
2015 filed plans for an initial public offering for the second time in two
years. Neiman Marcus's previous owners, TPG Capital and Warburg Pincus first
planned to take the company public in July 2013, but decided instead to sell the
company to CPPIB and Ares Management for $6 billion.
Their news release from Tuesday stated, “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.”
Neiman Marcus Investor Relations
For over a century, The Neiman Marcus Group has stayed
focused on serving the unique needs of the luxury market. Today, that commitment
is stronger than ever. They have stayed true to the principles of their founders
– to be recognized as the premier luxury retailer dedicated to providing their
customers with distinctive merchandise and superior service. The Company offers
upscale assortments of apparel, accessories, jewelry, beauty and decorative home
products to the affluent consumer. The Company operates 41 Neiman
Marcus Stores across the United States and two Bergdorf Goodman stores in
Manhattan. The Company also operates thirty Last Call clearance centers and
twelve Last Call Studios as well as six CUSP stores. These store operations
total more than 6.8 million gross square feet. The Company conducts direct to
consumer operations under the Neiman Marcus, Bergdorf Goodman, Last Call,
Horchow, CUSP and mytheresa brand names.
Thank you for taking the time to read our fashion retailer blog post. We hope that you have found this news to be informative. If you have comments or questions, please add your thoughts in the discussion area below.