February 26, 2017 3:24 PM ET

Internet and Direct Marketing Retail

Company Overview of The Neiman Marcus Group, LLC

Company Overview

The Neiman Marcus Group, LLC engages in the online sale of designer apparel, shoes, handbags, jewelry, and beauty products, as well as accessories for women. The company also sells apparel, luggage and travel products, shoes, belts, backpacks, bags and briefcases, watches and jewelry, accessories, and grooming products for men; and kids’ products, such as apparel for girls and boys, shoes, accessories, baby gear, and toys and gifts. In addition, it sells beddings, bath products and towels, dining and entertainment products, luggage and gadgets, décor, and crystal products. The Neiman Marcus Group, LLC serves customers in the United States and internationally. The company was founded in 1907 ...

1618 Main Street

One Marcus Square

Dallas, TX 75201

United States

Founded in 1907

16,700 Employees

Phone:

214-757-2954

Fax:

214-573-5320

Key Executives for The Neiman Marcus Group, LLC

Chief Executive Officer and President
Age: 59
Interim Chief Financial Officer, Interim Chief Operating Officer and Interim Executive Vice President
Age: 66
President of Neiman Marcus Brand and Chief Merchandising Officer of Neiman Marcus Brand
Age: 52
President of Neiman Marcus Stores and Online
Age: 46
President of The Bergdorf Goodman Division
Age: 45
Compensation as of Fiscal Year 2016.

The Neiman Marcus Group, LLC Key Developments

Neiman Marcus Pulls Back Its IPO

Neiman Marcus Group LLC is not seeking financing through its initial public offering anymore. On January 6, 2017, Neiman Marcus Group said that 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.

Neiman Marcus Seeks Financing

The Neiman Marcus Group, LLC seeks financing. Neiman Marcus owned by private equity firm Ares Management LP filed with regulators to go public in August 2015.

Neiman Marcus Group Announces Management Changes

Neiman Marcus Group announced that with effect from November 28, 2016 Michael Fung will serve as interim chief financial officer and chief operating officer of the company.  This position was previously held by Donald T. Grimes. Most recently, Mr. Fung served as interim chief financial officer and treasurer for 99 Cents Only Stores and currently serves on its board. Michael Fung brings nearly 40 years of experience to the company. He currently serves on the board of directors for FranklinCovey, Salt Lake City and 99 Cents Only Stores in Los Angeles.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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