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NM Expected to Tap Tansky as CEO Today

NEW YORK -- This could be the day.<BR><BR>Top executives from the Boston-based Neiman Marcus Group are expected at Bergdorf Goodman here today for a 9:30 a.m. executive meeting at which Bergdorf chairman Burton Tansky reportedly will be named chairman...

NEW YORK — This could be the day.

Top executives from the Boston-based Neiman Marcus Group are expected at Bergdorf Goodman here today for a 9:30 a.m. executive meeting at which Bergdorf chairman Burton Tansky reportedly will be named chairman and chief executive officer of Neiman Marcus.

Sources discounted widespread rumors that Tansky might end up running both Bergdorf and Neiman’s. Should Tansky’s new post be limited to Neiman’s, the search will be on for his replacement at Bergdorf, a job that is considered one of retailing’s plums.

Bergdorf and Neiman’s are sister divisions of the Neiman Marcus Group.

Rumors about a combined ceo post have been fueled by the merger of Bergdorf’s and Neiman’s mail order fulfillment functions. Back office consolidations of the two companies are also under consideration,

according to Robert Tarr, president and ceo of Harcourt General and the Neiman Marcus Group.

Tansky is expected to move to Dallas, headquarters of the 27-store, $1.45 billion Neiman Marcus. The chairman post was held by Terry Lundgren, who joined Federated Merchandising April 5.

The search for a new head of Neiman’s has been closely guarded by Tarr. It was also one of the most widely speculated about in years. Some of retailing’s brightest stars were said to be in the running.

Although Bergdorf is a single-unit store, Tansky is no stranger to the upscale multi-unit retail scene. Before joining Bergdorf as chairman and ceo in February 1991, he was president of Saks Fifth Avenue for 10 years. He joined Saks in 1977 as senior vice president and general merchandise manager.