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Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. Since 2024 it has been owned by Saks Global , the American division of the Hudson's Bay Company .
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The chain operated high-end men's and women's clothing stores, usually located in upper-class areas and shopping centers in the southern, western, and mid-western parts of the United States, and targeted sales to customers between the ages of 30 and 50. [2] [3] [4] Originally selling only menswear, Harold's added women's apparel in 1958.
In October 2021, Nordstrom announced an agreement with 11 Honoré, an online retailer of plus-sized designer fashion, to sell the company's clothing in Nordstrom stores and on their website. [ 67 ] On December 23, 2024, Nordstrom announced their plans to take the company private in a deal valued at $6.25 billion.
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In October 2013, the Neiman Marcus Group was sold for $6 billion to Ares Management and the Canada Pension Plan Investment Board. [5] [6] In August 2015, the company again announced it was preparing for an initial public offering. [7] In late 2015 Neiman Marcus became a stand-alone company. In 2018 Geoffroy van Raemdonck replaced Karen Katz as ...
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