TPG and Warburg Pincus’ talks to sell Neiman Marcus Group to a financial consortium are said to be heating up, making an initial public offering of the luxury retailer less likely.
Sources said over the weekend that sale talks are in the later stages, and that the situation is fluid. That means that negotiations could still break up, or get wrapped up fairly quickly provided certain matters still at issue become resolved sooner than expected.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"