Advertisement

Neiman Marcus Files For IPO

Neiman Marcus is going public after more than a decade under private equity ownership. The luxury department store retailer will be available for trading on the stock market and will use the ticker symbol “NMG.” 

In its S-1 form, Neiman Marcus indicated that it plans to raise $100 million from the initial public offering (IPO).

Based in Dallas, Neiman Marcus operates 41 full-line stores and 42 outlets. The company also manages two Bergdorf Goodman department stores in New York City, as well as My Theresa, a brand aimed at younger consumers across Europe, Asia and the Middle East. Neiman Marcus acquired the My Theresa business, which has an e-Commerce site and flagship in Munich, in September 2014.

Advertisement

Neiman Marcus has reported positive results over the past year. For the first 39 weeks of 2015, ending May 2, the retailer reported $47.8 million in profit, with overall sales rising to $3.9 billion.

Although Neiman Marcus is aiming to go public, the retailer has a complex history in the private sector. Two years ago, Ares Management and the Canada Pension Plan Investment Board purchased Neiman Marcus for $6 billion from TPG Capital and Warburg Pincus.

Prior to the purchase, TPG and Warburg Pincus attempted to sell Neiman a number of times, while also filing for an IPO in 2013. The companies initially acquired the retailer in 2005 for approximately $5.1 million. 

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: