All Posts Tagged Tag: ‘luxury retail’

Owners of Neiman Marcus Sell Chain for $6 Billion

News broke on Monday that private equity firms TPG Capital and Warburg Pincus will sell their luxury chain Neiman Marcus to Ares Management and Canadian Pension Plan Investment Board for $6 billion. TPG Capital and Warburg Pincus purchased the chain in 2005 for $5.1 billion, and have held on to it for much longer than the 3-5 years that is …

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