Neiman Marcus to Sell For 6 Billion?


Sharifa Daniels / September 10, 2013

Nieman Marcus

Popular luxury department store Neiman Marcus may have just been sold to the highest bidder.

According to the Huffington Post, on Monday (Sept 9) Ares Management and a Canandian Pension announced they’re buying the Neiman Marcus chain for $6 Billion. The deal is expected to be finalized before next year and if it does the brand would no longer be privately owned.

This decision comes after a plan for the store to go public in June.

Photo Credit: BreitBrit