Struggling upscale U.S. retailer Neiman Marcus pulls IPO: Reuters
Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand, Reuters reported. Neiman Marcus, which also operates the Bergdorf Goodman and MyTheresa brands, was acquired by U.S. private equity firm Ares Management LP and Canada Pension Plan Investment Board three years ago for US$6 billion. The Dallas-based company filed to go public in August 2015.
6 January 2017•2 mins read
