Published On: Mon, Aug 10th, 2015

Why Neiman Marcus Will Be a Successful IPO

Berkshire Hathaway to Buy Precision Castparts for $32 billion

Neiman Marcus
Neiman Marcus Group (NMG) made a terse announcement, with few details from management that it has filed for an IPO with the SEC. No date, no size nor the banker’s name was divulged. Maybe the company has not settled these important details.


Among the luxury retailers, this is one of our favorites. The company opened the first store in Dallas in 1907 and in 2012 opened its most recent of 41 stores in Walnut Creek, California. In 2018 it is going to open a major unit in the trendy Hudson Yard district near the Hi-Line in New York City. That will be an exciting event. The company has stayed focused on serving the luxury market. Neiman Marcus offers upscale assortments of apparel, accessories, jewelry, beauty and decorative home products.

I give high marks to the company and find seven good reasons why it will succeed in the public market.

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Forbes by Walter Loeb


Neiman Marcus

Mobile Wallet

Neiman Marcus has given customers a new way to

pay without plastic. It has developed an app that will

allow customers at Neiman Marcus, Bergdorf Goodman

and Last Call stores to pay for merchandise while leaving More…

Neiman Marcus CEO Karen Katz

Karen Katz has been CEO of the legendary Neiman Marcus

for 3 years, and in that brief time, she has been revolutionizing

the brand, according to Walter Loeb of Forbes magazine.

While luxury has been the emphasis More…

Memory Mirror

 February 3rd, 2015

Luxury department store Neiman Marcus has introduced

a new and revolutionary way for people to see how they

look in clothing called a Memory Mirror. The company’s

CEO Karen Katz discussed it in an interview with More…

Neiman Marcus Manhattan

A Neiman Marcus store is opening its doors in Hudson Yards,

locatedin one of the fastest-growing neighborhoods ofManhattan.

The store is expected to open its doors in 2018, and is the first

Neiman Marcus store More…

Neiman Marcus

Former Neiman Marcus employee Amir Peleg settled for an

undisclosed amount with the department store after filing a

lawsuit for wrongful dismissal. Peleg, aged 59, worked at the

fragrance department of the Beverly More…

Neiman Marcus

Stephen Ross’ Related Companies is making headlines as it

has revealed plans to transform an Upper East Side Manhattan

rental apartment building into co-ops while it has also snagged

luxury department store chain More…

Neiman Marcus CEO Karen Katz

– Karen Katz, president and chief executive officer of Neiman Marcus

Group, says it’s “nice” to not be a public company after Ares

Management LLC and the Canada Pension planInvestment

Board acquired More…

Herbert Marcus and sons Stanley Marcus,   Lawrence Marcus and Herbert Marcus Jr..

The passing was recently announced of Lawrence Eliot Marcus,

the fourth son of Herbert Marcus, co-founder of the Neiman Marcus

department store chain. – Herbert Marcus and sons Stanley Marcus,

Lawrence Marcus More…

Dallas_Neiman_Marcus wikipedia

Heiress Patricia Walker, resident of Dallas’s tony Highland Park

neighbourhood, commenced suit in September More…

James Coulter / Getty

Texas Pacific Group (TPG) Capital and Warburg Pincus may sell

retailer Neiman Marcus or launch a public offering, according to

unnamed sources quoted in the Houston More…

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