(Dallas, TX) — Luxury retailer Neiman Marcus is reportedly about to be sold for $6 billion dollars.
Sources tell “The Wall Street Journal” a group comprised of Ares Management LLC and the Canada Pension Plan Investment Board are working on final details to buy Dallas-based Neiman. The sources are still concerned the deal could fall apart.
Neiman’s current owners, TPG and Warburg Pincus LLC, were working on either a sale of the company or taking it public.
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