The Dallas company was taken over eight years ago for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. The retailer did not disclose its projected IPO price range, how many shares it planned to offer or even its intended ticker symbol or host exchange.
Neiman Marcus operates 41 namesake stores in the U.S. as well as two Bergdorf Goodman locations. The company also owns 35 smaller Last Call and six CUSP outposts targeted at younger, budget-conscious shoppers.
- Major retail controversies: Abercrombie, Target, Wal-Mart and more
- Men's Wearhouse fires founder George Zimmer; no reason given
- Joan Jett sues Hot Topic over Blackheart trademark
- Neiman Marcus
- Financing and Stock Offerings
- Saks Inc.
See more topics »
Neiman Marcus headquarters
1618 Main Street, Dallas, TX 75201, USA
In its filing with the Securities and Exchange Commission, Neiman Marcus said it has been riding a surge of high-end shopping.
In its 2012 fiscal year, it reported revenue of $4.4 billion, up from $4 billion a year earlier. Its profit during the period also increased to $140.1 million from $31.6 million.
And the global luxury goods industry, which according to Euromonitor research has already grown an average of 4.2% a year since 2005, is slated to boom 7.2% a year from 2012 to 2017.
Since the start of the year, competitor Saks Inc. has seen its stock boom more than 27% to $13.39 a share Friday.