TPG Capital-Warburg Pincus Said to Explore Neiman Marcus Exit

TPG Capital and Warburg Pincus LLC are exploring a sale or public offering of Neiman Marcus Group Inc. eight years after acquiring the luxury retailer, according to two people familiar with the matter.

The private-equity firms, which bought Dallas-based Neiman Marcus in 2005 for $5.1 billion, have interviewed banks and are close to hiring Credit Suisse Group AG to run the dual-track process, said the people, who asked not to be named because the process is private. The owners may seek about $8 billion for the company, which has about 40 namesake department stores and owns Bergdorf Goodman’s two stores in New York.