Neiman Marcus delays IPO amid stock market volatility: Reuters
Neiman Marcus Group Inc, the U.S. luxury specialty department store chain that registered with regulators in August for an initial public offering, has pushed back its stock market flotation to 2016, sources told Reuters. The Dallas, Texas-based company, which is owned by private equity firm Ares Management LP and the Canada Pension Plan Investment Board, was eyeing an IPO this year but stock market jitters have prompted it to put the plan on hold, the sources said.
14 October 2015•2 mins read
