The Canada Pension Plan Investment Board (CPPIB) and Ares Management have completed the acquisition of Neiman Marcus Group for a purchase price of about US$6 billion ($6.27 billion).
The Canada Pension Plan Investment Board (CPPIB) and Ares Management have completed the acquisition of Neiman Marcus Group for a purchase price of about US$6 billion ($6.27 billion).
The transaction was previously announced in September.
“We are very pleased with the successful outcome of this transaction,” says Karen Katz, Neiman Marcus Group president and CEO. “We look forward to partnering with Ares Management and CPPIB.”
Related articles:
An article on Skip’s new caregiving benefit was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension...
Increased dispersion and fragmentation in the global economy is creating opportunities for institutional investors in 2026, according to a new report by the International Forum...
The universe of defined benefit pension managers’ pooled funds posted a median return of 1.5 per cent before management fees in the fourth quarter of...
An article on the structural barriers Indigenous women continue to face in workplace retirement plans and benefits programs was the most-read article on BenefitsCanada.com this...
More than eight in 10 (84 per cent) employers say artificial intelligence is starting to affect their succession planning, according to a new survey by...
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and...
Two of Canada’s largest pension funds are named in a US$4.6 billion class action by the employees of a New Zealand-based software company. About 200...
The Alberta Investment Management Corp. is reporting a total fund net investment return of 7.5 per cent for 2025, underperforming its benchmark return by 2.7...