Popular luxury department store Neiman Marcus may have just been sold to the highest bidder.
According to the Huffington Post, on Monday (Sept 9) Ares Management and a Canandian Pension announced they’re buying the Neiman Marcus chain for $6 Billion. The deal is expected to be finalized before next year and if it does the brand would no longer be privately owned.
This decision comes after a plan for the store to go public in June.
Photo Credit: BreitBrit