Connect with us

Hi, what are you looking for?

Jewish Business News


Neiman Marcus CEO Karen Katz Likes Being Owned by Private Equity

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 plan Investment Board acquired the department-store operator last year, Blooberg reports.

The buyout came after the company considered an initial public offering.

Katz says the private equity owners, who bought Neiman Marcus for $6 billion last year, are supportive when it comes to investment dollars.

Those investments go to the development of Neiman Marcus’s e-commerce and omni-channel shopping.

Listen to Katz’s interview with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s “The Hays Advantage.”

Your browser does not support the audio element.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış