Neiman Marcus
Luxury 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
- FOUNDED
- 1907
- IMPACTS
- 1 documented
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Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1907
Neiman Marcus founded
2020
Neiman Marcus saddled with $5B in debt by PE owners, filed for bankruptcy
CriticalDebt LoadingAres 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 / After
MetricBefore PEAfter PEΔ
Debt loaded
reported 2020
before $0
after $5 billion
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