Neiman Marcus sold for $6 billion to Canada Pension Plan Ares

Monday, September 9, 2013
By Andrea Hopkins and Phil Wahba NEW YORK/TORONTO (Reuters) - The owners of Neiman Marcus Inc agreed to sell the U.S. luxury department store chain to two private investors for $6 billion, almost $1 billion more than they paid for the company in 2005. The buyers, Ares Management LLC and the Canada Pension Plan Investment Board (CPPIB), said on Monday they will split ownership equally, with an ...

 

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