Neiman Marcus
PE-Owned1 Documented ImpactLuxury retailer acquired by Ares Management and CPPIB in 2013 for $6.2B LBO. Saddled with $4.9B in debt, filed for bankruptcy in 2020. PE owners also controversially transferred MyTheresa assets
Timeline
Neiman Marcus founded
Neiman Marcus saddled with $5B in debt by PE owners, filed for bankruptcy
Ares Management and CPPIB's leveraged buyout loaded Neiman Marcus with $5 billion in debt. The luxury retailer filed for bankruptcy in 2020, wiping out thousands of jobs.
Before vs. After PE Acquisition
Debt loaded
Reported 2020
Before PE
$0
After PE
$5 billion
Tracked Locations
CA (2)
Los Angeles
4861 Main St
Los Angeles, CA 90001
555-104-1409
Los Angeles
187 Main St
Los Angeles, CA 90001
555-401-6221
CO (1)
Denver
6100 Main St
Denver, CO 80201
555-688-9875
FL (1)
Miami
8785 Main St
Miami, FL 33101
555-705-3844
NC (1)
Charlotte
9843 Main St
Charlotte, NC 28201
555-682-7690
OH (1)
Cleveland
2712 Main St
Cleveland, OH 44101
555-346-6692
TX (3)
Dallas
1612 Main St
Dallas, TX 75201
555-430-9702
Dallas
6139 Main St
Dallas, TX 75201
555-786-9603
San Antonio
3592 Main St
San Antonio, TX 78201
555-284-3356
WA (1)
Seattle
1375 Main St
Seattle, WA 98101
555-494-5536