Ares, CPPIB Close Deal for Neiman Marcus
October 29, 2013,
LOS ANGELES and TORONTO-Ares Management and Canada Pension Plan Investment Board (CPPIB) have completed their acquisition of Neiman Marcus Group from the private-equity firms TPG Capital and Warburg Pincus for a purchase price of about $6 billion.
The transaction was announced last month. Ares is co-owner of the mattress manufacturers Serta and Simmons.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money