Ares, Serta and Simmons Parent, Launches IPO

Ares ManagementNEW YORK-Ares Management, one of the parent companies of mattress manufacturers Serta and Simmons and of retailer Neiman Marcus, has begun an initial public offering, according to a filing with the U.S. Securities and Exchange Commission.

The filing did not specify how many shares are in the IPO, or the price per share, nor did it provide an estimate of the net proceeds from the IPO. Ares said it intends to apply for listing of its common shares on the New York Stock Exchange under the symbol ARES.

The company also described itself in the filing as a "global alternative asset manager with approximately $74 billion in assets under management." It has offices in the United States, Europe and Asia.

Ares said it will use the net proceeds to purchase newly issued Ares operating group units, to partially repay outstanding balances under its revolving credit facility, for general corporate purposes and to fund what it described as "growth initiatives."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.