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
4
locations tracked
Timeline
1907
Neiman Marcus founded
2020CriticalDebt Loading
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
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Share your experience →Tracked Locations
FL (1)
Miami
9643 Main St
Miami, FL 33101
555-357-6448
NC (1)
Charlotte
2127 Main St
Charlotte, NC 28201
555-360-3516
OH (1)
Cleveland
8639 Main St
Cleveland, OH 44101
555-635-2983
OR (1)
Portland
9092 Main St
Portland, OR 97201
555-688-8165