On the record · Other
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
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Sept. 9, 2013
Acquisition announcedR1
Sponsor: Ares Management · Sponsor: Canada Pension Plan Investment Board
Recorded history
Oct. 25, 2013
Acquisition completedR1
Sponsor: Ares Management · Sponsor: Canada Pension Plan Investment Board
Recorded history
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Filed Chapter 11 in May 2020 under owners Ares Management and CPPIB, wiping out their equity, and emerged September 30, 2020 with stores open throughout. After Saks acquired it in December 2024, the combined Saks Global filed Chapter 11 again on January 14, 2026 with stores still operating.
Operates today as part of Saks Global Enterprises, which is restructuring in Chapter 11 as of its January 2026 filing; stores continue operating.
- Founded
- 1907
- Sponsor at closure
- Ares Management (with Canada Pension Plan Investment Board)
- The Globe and Mail · 2020 Chapter 11 filing wiped out Ares Management and CPPIB equity
- CBS News · 2020 · no plans to liquidate; stores and website continued operating during the 2020 filing
- NBC 5 Dallas-Fort Worth · 2026 · Saks Global's January 2026 Chapter 11 filing; Neiman Marcus stores including the Dallas flagship remained open
Sources and evidence
Recorded transaction sources
These support a recorded transaction row. They have not passed the separate evidence-review process.
- R1Ares Management and Canada Pension Plan Investment Board Complete Acquisition of Neiman Marcus Group
CPP Investments · Company announcement · Oct. 25, 2013
Supports: Recorded transaction
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.