Search results
Results From The WOW.Com Content Network
Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores [218] and would later shutter all but five of its Last Call stores in 2020. [219] On April 19, 2020, Neiman Marcus announced that it would file for bankruptcy. [220] The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May ...
Neiman Marcus Holding Co said it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses.
Neiman Marcus has settled a lawsuit with an angry customer who wanted to return $1.4 million in merchandise that she says was purchased by her husband while he carried on an affair with a Neiman ...
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 .
Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). [2] [3] [4] The acquisition was finalized in December 2024 and the purchase cost $2.7 billion. [5]
Neiman Marcus: 1988–1994, EVP, then chairman/CEO; Federated Merchandising Group: 1994–1997, chairman/CEO; Macy's, Inc. (called Federated Department Stores, Inc. prior to June 1, 2007): 1997–2003 President and chief merchandising officer 2003–2004 President and chief executive officer 2004–2014 Chairman, president and CEO
On May 2, 2005, Neiman Marcus Group was the subject of a leveraged buyout (LBO), selling itself to two private equity firms, Texas Pacific Group and Warburg Pincus. [3]In August 2013, Women's Wear Daily reported Neiman Marcus Group was preparing for an initial public offering of its stock. [4]
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth ...