Neiman Marcus reportedly considering alternative to IPO

Neiman Marcus has reportedly asked interested suitors to submit buyout bids for the department store by next week, as the upscale retailer's owners explore exit strategy options, sources said. The private equity firms that bought the retailer for $4.9 billion in 2005 now value Neiman at about $6 billion. They're expected to evaluate offers until December, before moving forward with either a sale or an initial public offering.

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