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.
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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.
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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
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…
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…
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…
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…
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…
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…
– 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…
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…
Heiress Patricia Walker, resident of Dallas’s tony Highland Park
neighbourhood, commenced suit in September More…
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…
