Staff
The Canada Pension Plan Investment Board and Ares Management are in talks to acquire luxury retailer Neiman Marcus for US$6 billion, according to a number of media reports.
If the deal goes through, it would be the second time in three months that a Canadian pension fund was involved in the purchase of an American retailer.
In July, the Ontario Teachers’ Pension Plan announced it would help finance the Hudson Bay Company’s acquisition of Saks.
Neiman was purchased for $4.9 billion in 2005 by private equity firms TPG and Warburg Pincus.
The retailer has 41 stores under the same name in the United States and two Bergdorf Goodman stores in New York City.
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