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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 .
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]
The Neiman Marcus Building is a historic commercial structure located in the Main Street District in downtown Dallas, Texas . It is the corporate headquarters and flagship store of Neiman Marcus . It is the last of the original department stores still serving downtown Dallas.
The first major change: a vast, permanent downsize of its corporate office space in the Dallas/Fort Worth area, from half a million square feet to about 100,000, with no plans to grow it back.
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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 ...
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