Jason Voinov

Neiman Marcus has been here before. The luxe chain, now for sale again, has been repeatedly handed over the past 50 years. Here, a look at the storied retailer’s history of corporate ownership.

1907

Founded by Herbert Marcus, his sister Carrie Neiman and her husband, Abraham Neiman.

1969

Neiman Marcus is acquired by California-based Broadway-Hale Stores, which later became Carter Hawley Hale Inc.

1987

Defending a hostile takeover bid by The Limited, Carter Hawley spins off Neiman Marcus into a public company.

2005

Texas Pacific Group and Warburg Pincus take the retailer private for $5.1 billion

2013

Ares Management and Canada Pension Plan Investment Board buy the luxe chain for $6 billion.

2017

Ares and CPPIB put Neiman Marcus up for sale, with Hudson’s Bay Co.’s Richard Baker in the wings and keen on a deal.

Source: Neiman Marcus, WWD and other published reports

load comments
blog comments powered by Disqus