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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 .
Lawrence Marcus (July 5, 1917 – November 1, 2013) was the fourth and youngest child in a prominent Jewish family that includes his father Neiman Marcus Department Store cofounder Herbert Marcus, his mother Minnie Lichtenstein Marcus and also his eldest brother, Stanley Marcus, who went on to become the long-time Neiman Marcus CEO and Chairman.
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 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 Holding Co said it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses.
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]
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