Neiman Marcus Groups News

"Neiman Marcus Group Inc. is planning overtures to a handful of sovereign-wealth funds about a possible buyout," MarketWatch reports.

The fate of the space that once housed the luxury department store, which closed in January after 22 years, has not been determined.

Dallas-based Neiman Marcus Group Inc. possibly is looking at several sovereign-wealth funds in its efforts to find a buyer.

Neiman Marcus Group Inc. is planning overtures to a handful of sovereign-wealth funds about a possible buyout of the luxury retailer, said people familiar with deliberations.

Private equity owners of Dallas-based Neiman Marcus Group Inc. will take a series of steps in the upcoming months as they explore their exit strategy .

In the wake of the new Man's Floor opening, Neiman Marcus has marked inventory at up to 40% off as part of the First Call Sale .

Neiman Marcus has been trying to recapture the sales volume the luxury retailer raked in before the recession while carrying the debt the chain assumed when it was taken private in 2005.

Starting Out: After graduating from the University of Tampa in Florida, Jago worked in the visual merchandising department at Bloomingdale's in Woodbridge, N.J., near where he was born and raised.

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Asian stocks rose on Monday as investors gave the thumbs up to an upbeat U.S. labor force report that sent Wall Street to an all-time closing high last week, while the dollar held its ground against the yen.

Private equity firms TPG Capital and Warburg Pincus LLC are exploring a sale or a public offering of Neiman Marcus Group Inc, according to a Bloomberg News report late on Sunday.

Omaha-based investment firm Waitt Company has acquired the Judith Leiber, Adrienne Vittadini and Taryn Rose brands as part of a co-investment with brand development company Authentic Brands Group for an undisclosed sum.

Some played it coy, some played it cool and some unabashedly strutted their stuff when the Houston Symphony invited its youngest supporters to walk the runway in a youthful fashion show fundraiser at River Oaks Country Club.