Neiman-Marcus Inc. now part of your CPP

The Canadian Pension Plan Investment Board has become a part owner of Neiman-Marcus Inc, the 41-store luxury retailer based in Dallas. As telegraphed below in last night’s post, NM changed hands for $6 billion U.S. with other half of the new ownership being Ares Management LLC. The transaction includes not only the 41 Neiman Marcus stores, but also two Manhattan-based Bergdorf Goodman stores and 36 discount Neiman Marcus outlets named Last Call. There is also an online division of the company that operates alongside these businesses. Previous post.