Luxury retailer Neiman Marcus on Monday announced plans for a proposed public offering of up to $100 million. This comes eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. The retailer is coming off a strong year. During the 12-month period that ended April 27, 2013, […]
Luxury retailer Neiman Marcus on Monday announced plans for a proposed public offering of up to $100 million. This comes eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus.
The retailer is coming off a strong year. During the 12-month period that ended April 27, 2013, the company reported revenues of $4.5 billion, up 6.5 percent from the previous year’s period, with an adjusted operating profit of $623 million.
In the filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates at 35 locations. The growth strategy also includes building out its multichannel capabilities and improving online sales, especially internationally.
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