Publications - WWD.com

WWD 05/03/2005

The Neiman's Challenge: Staying at Top of Luxury Under Two New Owners

The top U.S. luxury chain on Monday announced a definitive agreement to be sold to two private equity firms, Texas Pacific Group and Warburg Pincus LLC, for $100 a share in cash, or about $5.1 billion.

The Neiman's Challenge: Staying at Top of Luxury Under Two New Owners

NEW YORK - The new owners of Neiman Marcus have a tough act to follow.

The top U.S. luxury chain on Monday announced a definitive agreement to be sold to two private equity firms, Texas Pacific Group and Warburg Pincus LLC, for $100 a...

— May 3, 2005

Neiman Marcus, Then and Now

1907
Neiman Marcus opens on Sept. 10 at Elm and Murphy streets in Dallas, founded by Herbert Marcus Sr., his sister, Carrie Neiman Marcus, and her husband, A.L. Neiman.

1913
Fire destroys the original...

— May 3, 2005

Adidas in Deal to Sell Salomon

Adidas-Salomon AG agreed to sell its Salomon division to Finnish sports equipment firm Amer Sports Corp. for $625.6 million.

— May 3, 2005

Wal-Mart Shutters Unionized Canada Unit

MONTREAL - Wal-Mart Canada has closed its only unionized store in Canada, in Jonquière, Quebec, ahead of schedule.

Instead of waiting for the scheduled May 6 closing date, Wal-Mart shut the 130,000-square-foot store on Saturday,...

— May 3, 2005

In Brief: Bush Pushes CAFTA ... Jeweled Kiss ... Mall Buying

BUSH PUSHES CAFTA: President Bush will meet with the leaders of Costa Rica, Guatemala, El Salvador, Honduras, Nicaragua and the Dominican Republic on May 12 as he begins a major push for the Central American Free Trade Agreement,...

— May 3, 2005

Memo Pad: Kratochvil Out At In Style ... Smart and Smarter ... Thanks a Billion

KRATOCHVIL OUT AT IN STYLE: John Korpics has been In Style's creative director for less than three months, but already he's brought about one of the most talked-about staffing changes in the magazine's relatively...

— May 3, 2005

A Wynn-ing Weekend in Vegas

LAS VEGAS - It was bling at its brightest in Las Vegas this past weekend as the who's who of fashion and beauty turned out to help celebrate the official opening of the wing of retail shops at the new $2.7 billion Wynn resort....

— May 3, 2005

EU Begins to Enforce Tariffs On Some U.S.-Made Apparel

The EU began charging a 15 percent tariff Sunday on imports of certain U.S.-made apparel after Congress failed to rescind the Byrd Amendment.

— May 3, 2005

Sephora Opens Shop in Shanghai

SHANGHAI - It's easy to find the way to this city's brand new Sephora shop: Just look for the little black-and-white bags.

Only weeks after the store's mid-April opening on Huaihai Central Road, a pedestrian-heavy,...

— May 3, 2005

Avon Net Up 16% in Quarter

NEW YORK - Despite softer sales in key markets, Avon Products Inc. delivered a 16 percent increase in net income for the first quarter on sales that rose 7 percent.

Avon posted net earnings of $172 million, or 36 cents per diluted share,...

— May 3, 2005

Met Fete

NEW YORK - Karl Lagerfeld can make a lot of things happen. He can convince Nicole Kidman to personally greet hundreds of guests and create, what he calls, the "perfect exhibit," at last night's...

— May 3, 2005

Industry: If It's Not Broke, Don't Fix It

NEW YORK - It's a good company. Don't mess with it.

That was the general reaction of vendors and designers on Monday to the purchase of The Neiman Marcus Group Inc. by Texas Pacific Group and Warburg Pincus. While vendors...

— May 3, 2005

Texas Pacific M.O.: To Diversify Brands

NEW YORK - With the acquisition of the Neiman Marcus Group by Texas Pacific Group and Warburg Pincus, the spotlight again shifts to the financial players, their motives and plans for their retail and fashion acquisitions.

Of the two, Texas...

— May 3, 2005

Italians Add a Dash of Fashion to Fur

Fur has come full circle in the fashion cycle and has been transformed into a more trendy item along the way.

— May 3, 2005

Hearty Turnout Planned for Montreal Fur Fair

MONTREAL - Interest in fur is going strong and this month's North American Fur and Fashion Exhibition in Montreal is virtually sold out.

The event, scheduled for May 8-11 at Place Bonaventure, is nearing its capacity of 158...

— May 3, 2005

Bergdorf Goodman Packs the House

NEW YORK - Spring is in the air, but winter was on the minds of many of the women shopping at the J. Mendel trunk show at Bergdorf Goodman here on Thursday.

Designer Gilles Mendel, who received a strong reception to his fall runway show,...

— May 3, 2005

IFFE Trends: Stretch, Vintage

Textile firms exhibiting at the recent International Fashion Fabric Exhibition said buyers had a taste for stretch fabrics and vintage prints.

— May 3, 2005

Birks and Mayor's Sign Merger Deal

MONTREAL - Henry Birks & Sons and its majority-owned Mayor's Jewelers Inc. of Sunrise, Fla., have signed a definitive merger agreement to combine their operations.

Birks, based here, paid $15 million for about 70 to 75 percent...

— May 3, 2005

Trade Stakes Raised at Paris Parley

The U.S. plans to urge developing countries to drop tariffs on industrial goods in exchange for wealthy countries liberalizing agricultural trade.

— May 3, 2005

WWD

Sign into youraccount

WWD 05/03/2005

WWD 05/03/2005

The Neiman's Challenge: Staying at Top of Luxury Under Two New Owners

ArticleFinder

Fashion

How it works

Follow Us

Sign into youraccount

PhotoSearch

MostPopular

Featured Stories

Fairchild Fashion Media

Select past issues:

Visit other Fairchild Properties:

Sign in
to your
account

Sign in
to your
account