Categories: Headlines

Neiman Marcus Returning to Public Stock Markets

Neiman Marcus (Dallas) announced it has filed paperwork for an IPO with the SEC.

No date has been released for the change, but this move will be the first time the company has been publically traded in the last decade. Previously publicly traded, Neiman Marcus became private in 2005.

Forbes reports the move comes alongside a rise in luxury retail spending. The report also disclosed the company has plans to remodel 53 percent of its stores in order to increase traffic.

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peggycarouthers
9 years ago

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