All Posts Tagged Tag: ‘Neiman Marcus’

Neiman Marcus Data Breach Exposed 1.1M Cards

Earlier this month, high-end retailer Neiman Marcus confirmed that they had been the target of a widespread data breach that saw hackers gain access to customer credit cards via a sophisticated malware attack. At that time, the company launched an investigation into the breach. Now, Neiman Marcus is sharing some of the preliminary findings and have admitted that the breach …

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Neiman Marcus Confirms Data Breach

Upscale retailer Neiman Marcus is the latest chain to announce a data breach that may put its customers at risk for credit card fraud. According to Krebs on Security – the same site that broke news of the Target data breach back in December – Neiman Marcus confirmed that it is working with the US Secret Service to investigate a …

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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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Neiman Marcus Files for $100M IPO

Department store Neiman Marcus this week announced that it has filed for an initial public offering. According to a registration with the Securities and Exchange Commission, the offering will be in common stock sold by current shareholders. The number of shares offered, and the price range for the shares, has not yet been released. Financial services company Credit Suisse Securities …

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