Staff
Luxury retailer Neiman Marcus, which is partially owned by the Canada Pension Plan Investment Board (CPPIB), plans to go public.
“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the company says.
In its registration statement, Neiman Marcus reported US$4.8 billion in sales in fiscal 2014, of which about 24% were online.
The retailer says 79% of its customers are female and about 38% of our customers have a median household income of more than US$200,000.
CPPIB and Ares Management bought Neiman Marcus two years ago for US$6 billion from a group of investors led by TPB and Warbug Pincus.
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