Deals
Neiman Marcus’s Buyers Face Tough Luxury Retail Environment
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Neiman Marcus Inc.’s new private-equity owners are buying a luxury chain that’s in danger of running out of room to expand in the U.S. as even well-heeled shoppers pull back.
Ares Management LLC and the Canada Pension Plan Investment Board agreed today to buy the U.S. department store company from TPG Capital and Warburg Pincus LLC for $6 billion.