Neiman Marcus Group is moving closer to an initial public offering, as support from bankers and investors grows and other sale strategies get eliminated.
In recent weeks, merger talks with Saks Inc. were explored and NMG’s owners, TPG and Warburg Pincus, held discussions with possible buyers, such as the sovereign wealth fund of Qatar. However, it is now believed that the two private equity owners view an IPO as the best exit strategy. Last week, Hudson’s Bay Co. reached a definitive agreement to buy Saks, leaving one less player in the field that could have pursued a deal for Neiman’s.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)