Neiman Marcus Sells for $6 Billion
Luxury department store Neiman Marcus has been sold for $6 billion to a group spearheaded by Ares Management and Canadian Pension Plan Investment Board. The two new owners will hold an equal interest in the retailer, while Neiman Marcus management, led by CEO Karen Katz, will retain a minority stake.
“We plan on investing meaningful capital into the business to ensure Neiman’s long-term position as the unparalleled leader in luxury retail,” David Kaplan, co-head of private equity at Ares, said in a statement.
Earlier this year, Neiman’s competitor Saks Fifth Avenue was sold to Hudson’s Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for $2.4 billion.
Related Articles
Keep Memory Alive Marks 30 Years of the Power of Love on Valentine’s Day
Keep Memory Alive celebrated 30 years of its Las Vegas Power of Love gala with Cindy Crawford and Luke Bryan, supporting brain health.
On the Scene at the 2026 NBA All-Star Weekend
From a pop-up with Shai Gilgeous-Alexander to a tip-off withBarack Obama, these are the hottest parties of 2026 NBA All-Star weekend.
Palma y Arco: A Sanctuary Shaped by Craft, Culture, and Intention
Palma y Arco in Tulum blends Moroccan soul with jungle serenity as Amine Ouaki redefines sanctuary driven luxury through craft.
Deconstructing Failures of Luxury Hospitality
Yuri Vanetik reveals how modern luxury hotels replace warmth with rigid policies, automation, and systems over true guest care.
Rolls-Royce Phantom Arabesque Redefines Bespoke Luxury with the World’s First Laser-Engraved Bonnet
Rolls-Royce unveils Phantom Arabesque, debuting the first laser-engraved bonnet inspired by Middle Eastern mashrabiya art.
How Flooring Sets the Tone for Every Space in Your Home
Flooring transforms comfort, style, and value. Discover how the right materials and a trusted flooring store elevate every room in your home.
Latest Stories
Trending Articles
Related Articles
Keep Memory Alive Marks 30 Years of the Power of Love on Valentine’s Day
Keep Memory Alive celebrated 30 years of its Las Vegas Power of Love gala with Cindy Crawford and Luke Bryan, supporting brain health.
On the Scene at the 2026 NBA All-Star Weekend
From a pop-up with Shai Gilgeous-Alexander to a tip-off withBarack Obama, these are the hottest parties of 2026 NBA All-Star weekend.
Palma y Arco: A Sanctuary Shaped by Craft, Culture, and Intention
Palma y Arco in Tulum blends Moroccan soul with jungle serenity as Amine Ouaki redefines sanctuary driven luxury through craft.
Deconstructing Failures of Luxury Hospitality
Yuri Vanetik reveals how modern luxury hotels replace warmth with rigid policies, automation, and systems over true guest care.
Rolls-Royce Phantom Arabesque Redefines Bespoke Luxury with the World’s First Laser-Engraved Bonnet
Rolls-Royce unveils Phantom Arabesque, debuting the first laser-engraved bonnet inspired by Middle Eastern mashrabiya art.
How Flooring Sets the Tone for Every Space in Your Home
Flooring transforms comfort, style, and value. Discover how the right materials and a trusted flooring store elevate every room in your home.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events