US luxury retailer Neiman Marcus files for IPO


DALLAS: US luxury fashion retailer Neiman Marcus Group Inc has filed with US regulators for an initial public offering, the second time in two years it has unveiled plans to go public.

The 100-year-old retailer-backed by Canadian Pension Plan Investment Board and Ares Management LP – sells apparel, handbags, shoes, cosmetics and designer jewelry. Dallas-based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan's Fifth Avenue and the Last Call off-price chain.

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