Investors seal $6B deal for Neiman Marcus

The Canadian Pension Plan Investment Board and U.S. private-equity firm Ares Management will pay $6 billion to acquire the majority stake in luxury department store Neiman Marcus, with the retailer's management team retaining a minority stake. The deal includes the retailer's 41 name department stores, two Bergdorf Goodman stores in New York, 36 Neiman Marcus Last Call outlet stores and the retailer's online operations.

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Globe and Mail (Toronto) (tiered subscription model), The · New York Times (tiered subscription model), The · Bloomberg Businessweek

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