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In October 2013, the Neiman Marcus Group was sold for $6 billion to Ares Management and the Canada Pension Plan Investment Board. [5] [6] In August 2015, the company again announced it was preparing for an initial public offering. [7] In late 2015 Neiman Marcus became a stand-alone company. In 2018 Geoffroy van Raemdonck replaced Karen Katz as ...
The Neiman Marcus Group is in recovery mode and prepared “to invest and to create new initiatives that really solidify our place in the industry.” So said Bob Kupbens, the company’s ...
Neiman Marcus is an American department store chain founded in 1907 in Dallas, Texas by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband Abraham Lincoln Neiman. Since 2024 it has been owned by Saks Global , the American division of the Hudson's Bay Company .
After filing for bankruptcy shortly into the pandemic—and emerging, guns blazing, three months later—leaders at Neiman Marcus Group (NMG) realized that in order to keep up with an entirely new ...
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Saks Global was created in 2024 after the Canadian Hudson's Bay Company (HBC) purchased the American Neiman Marcus Group (NMG). [1] [2] [3] The acquisition was finalized in December 2024 and the purchase cost $2.7 billion. [4]
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Fresh with new and ambitious goals, Neiman Marcus Group intends to make an impact on environmental issues across its entire value chain. During the FMG Sustainability Forum, Amanda Martin, senior ...