Neiman Marcus gets closer to going public

08/7/2013 | Women's Wear Daily (subscription required)

The two private-equity firms that own upscale department store chain Neiman Marcus appear to be narrowing down their exit strategy options to an initial public offering as the retailer gains support from bankers and investors and after weighing and dismissing other options including a merger with Saks. The retailer, which also owns Bergdorf Goodman and Last Call outlet stores, boasts some of the industry's most productive stores.

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